Forex News : Ringgit opens lower vs US$ as lower oil price weighs

KUALA LUMPUR: The ringgit remained lower Thursday morning as interest for the neighborhood note was hosed by weaker oil costs and diminished trust in higher US loan fees.

At 9 am(0100gmt), the ringgit was cited at 4.1245/1285 versus the greenback against 4.1210/1260 on Wednesday.

Worldwide oil costs fell almost to its least level in two weeks taking after worries that interest for unrefined would back off this year.

The overnight West Texas Intermediate for October prospects, on the New York Mercantile Exchange, settled at US$43.58 a barrel, down US$1.32 or 2.94 for each penny.

The ringgit likewise exchanged lower against other significant monetary standards,

It fell against the Singapore dollar to 3.0225/0276 from 3.0173/0218 on Wednesday and debilitated versus the yen to 4.0278/0321 from 4.0103/0164.

The neighborhood unit devalued against the British pound to 5.4683/4740 from yesterday's 5.4430/4521 and declined against the euro to 4.6368/6429 from 4.6246/6318 on Wednesday.

For More Details : Forex Investment Tips , Forex Trading Tips , Currency Tips , Live Forex Trading Tips , Forex Tips , Currency Trading Tips , Forex HNI Recommendations