KUALA LUMPUR, Oct 20 — The ringgit opened easier against the US dollar following weaker commodity prices amid China’s growth woes and dampened risk sentiment, dealers said.
At 9am, the local unit was quoted at 4.2400/2500 against the dollar from yesterday’s 4.2010/2100.
One dealer said crude oil continued last week’s weakening trend on concerns over the global economic growth while copper slipped the most in three weeks as data showed China’s economy growing at the slowest pace since the last quarter of 2009.
The ringgit also traded easier against other major currencies.
It fell against the Singapore dollar to 3.0543/0617 from 3.0376/0456 yesterday and depreciated versus the yen to 3.5478/5577 from 3.5184/5274 yesterday.
The local note weakened vis-a-vis the pound sterling to 6.5606/5777 from 6.4960/4112 and declined against the euro to 4.8048/8178 from 4.7719/7830 yesterday. — Bernama
You May Also Like