KUALA LUMPUR: The ringgit continued to depreciate towards the US greenback on the opening on Thursday, with buyers ready on the sidelines forward of the Funds 2022 tabling tomorrow, mentioned a vendor.
At 9.05 am, the native foreign money eased to 4.1540/1570 versus the buck from 4.1530/1560 at yesterday’s shut.
The vendor mentioned ringgit had been experiencing technical correction on account of its overbought place.
“The autumn within the benchmark Brent crude oil value to under US$85 per barrel additionally weighed on the native unit,” he mentioned.
On the time of writing, Brent crude oil slipped 1.24 per cent to US$83.53 per barrel.
On the opening, the native be aware was traded blended towards a basket of main currencies.
It depreciated towards the Singapore greenback to three.0779/0804 from 3.0763/0790 yesterday and fell towards the euro to 4.8153/8188 from 4.8137/8172 beforehand.
Nonetheless, it had appreciated versus the Japanese yen to three.6512/6539 from 3.6542/6572 on Wednesday’s shut, and climbed towards vis-a-vis the British pound to five.7026/7067 from 5.7033/7074 beforehand. – Bernama
