KUALA LUMPUR : The ringgit opened lower against the US dollar
and a wicker container of significant monetary standards Friday as oil costs
proceeded with their downtrend in the worldwide market on stresses of
oversupply in US rough inventories, merchants said.
At 9 am(0100gmt), the ringgit was cited at 4.1900/1950
against the greenback from 4.1850/1900 on Thursday.
FXTM Vice President of Market Research Jameel Ahmad said oil
costs would have a further negative effect if Donald Trump wins the US
Presidential race one week from now.
"Donald Trump turning into the US President could bring
about development figures being minimized at any rate in the transient because
of financial specialist instability, which will in principle debilitate the
interest for items like oil and weigh on the valuation of oil," he said in
an announcement.
Brent unrefined was 1.09 for each penny bring down at
US$46.35 a barrel while US rough fell 1.50 for each penny to US$44.66 a barrel.
The nearby note fell against the Singapore dollar to
3.0259/0311 from 3.0208/0255 on Thursday and facilitated against the yen to
4.0719/0780 from 4.0659/0727 already.
The ringgit likewise exchanged lower against the British
pound at 5.2283/2349 from Thursday's 5.1722/1805 and slipped against the euro
to 4.6517/6590 from 4.6428/6496 already.
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