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Ringgit lower against US dollar in early trade

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by April 22, 2016 General

In line with a falling oil market, the ringgit retreated against the US dollar. — File picIn line with a falling oil market, the ringgit retreated against the US dollar. — File picKUALA LUMPUR, April 22 — The ringgit eased against the US dollar in the early session today, tracking a weaker oil market overnight, a dealer said.

As of 9.06am, the domestic unit eased to 3.9000/9060 against the greenback from yesterday’s close at 3.8810/8900.

The ringgit also traded lower against other major currencies.

It declined against the British pound at 5.5910/6020 from 5.5545/5689 yesterday and was lower against the euro at 4.4062/4146 from 4.3820/3938 yesterday.

The local unit eased against the Singapore dollar at 2.8919/8974 from yesterday’s 2.8812/8898 and went down against the yen at 3.5669/5733 from 3.5349/5447. — Bernama

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