KUALA LUMPUR: The ringgit opened lower Monday on absence of interest and less expensive raw petroleum costs, merchants said.
At 9.15 am(0115gmt), the nearby unit was exchanged at 4.4400/4460 against the greenback from 4.4370/4440 on Friday.
Brent unrefined petroleum was 0.04 for every penny less demanding at US$55.97 a barrel.
Be that as it may, a merchant said the US dollar, which might be constrained in the near-term, may loan support to the ringgit.
"Showcase players will concentrate on US President Donald Trump's address at a joint session of Congress on Tuesday.
"On the off chance that the US dollar goes under danger, post the Congress address, there will be no measure of hawkish US Federal Reserve talk or bullish monetary information to help the reason for the dollar, as it will take a March rate increment to keep the US dollar exchange suitable," said OANDA Senior Trader Stephen Innes.
In the mean time, the nearby note was exchanged generally higher against other real monetary forms.
It imperceptibly ascended against the Singapore dollar to 3.1599/1649 from 3.1612/1666 on Friday yet against the yen, it diminished to 3.9611/9682 from 3.9440/9513.
Opposite the euro, the ringgit acknowledged to 4.6913/6985 from 4.7001/7084 on Friday and reinforced against the British to 5.5136/5215 from 5.5622/5719 beforehand.
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