Money
Ringgit continues downtrending against the US dollar
Malaysian ringgit notes are seen among U.S. dollar bills in this photo illustration taken in Singapore August 24, 2015. u00e2u20acu201d Reuters pic

KUALA LUMPUR, March 15 — The ringgit continued its downtrend against the US dollar today, weighed on by weaker oil prices, dealers said.

At 9am, the ringgit was quoted at 4.1190/1250 to the US dollar from 4.1010/1070 at yesterday’s closing.

The global benchmark, Brent Crude, was down 73 cents or 1.81 per cent to US$39.66 per barrel yesterday, after gaining four per cent last week.

Meanwhile, the ringgit was mostly weaker against other major currencies.

It was lower against the Singapore dollar at 2.9880/9941 from 2.9825/9884 yesterday and weakened against the yen to 3.6157/6219 from 3.6107/6163.

However, the local unit appreciated against the British pound at 5.8786/8893 from yesterday’s 5.8812/8915, but eased against the euro to 4.5709/5792 from 4.5574/5658. — Bernama 

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