KUALA LUMPUR, Feb 24 — The ringgit opened lower against the US dollar today as investors shifted their focus to the greenback, a dealer said.
At 9am, the local unit was traded at 4.2195/2245 against the greenback from 4.1920/1990 yesterday.
The dealer said the fall in global crude oil prices dampened sentiment for the local note.
The price of benchmark Brent crude slipped to below US$34 a barrel.
The ringgit also traded lower against other major currencies except for the British pound.
It slid against the Singapore dollar to 3.0004/0061 from yesterday’s 2.9830/9884, weakenend against the yen to 3.7657/7712 from 3.7369/7444 and depreciated vis-a-vis the euro to 4.6431/6499 from 4.6246/6332.
The local unit, however, appreciated against the British pound to 5.9090/9185 from 5.9191/9307. — Brnama
