KUALA LUMPUR: The ringgit extended its downtrend to trade lower in the opening session on Thursday as oil’s rally paused.
At 9.10am, the ringgit was quoted at 4.2850/2900 compared with yesterday’s close of 4.2840/2880.
Crude Brent was lower at US$41.90 per barrel, while West Texas Intermediate (WTI) declined to US$39.64 per barrel.
Meanwhile, the ringgit was traded lower against other benchmark currencies.
The local note declined versus the Singapore dollar to 3.0743/0781 from 3.0718/0756, and slipped versus the British pound to 5.3438/3513 from 5.3100/3167 yesterday.
It also dipped compared to the euro to 4.8211/8271 from 4.8007/8068, and slipped vis-a-vis the Japanese yen to 3.9868/9922 from 3.9833/9881. – Bernama