Business

Ringgit opens slightly lower amid weaker oil price

Local currency eases to 4.1170/1190 against the greenback

Updated 5 years ago · Published on 10 Jun 2021 9:24AM

Ringgit opens slightly lower amid weaker oil price
Investors are keeping a close eye on CPI data and the Initial Jobless Claims in the US, which are likely to be the main market movers today. – AFP pic, June 10, 2021

KUALA LUMPUR – The ringgit opened slightly lower against the US dollar today amid mixed sentiments, coupled with weaker oil price, a dealer said. 

At 9.01am, the local currency eased to 4.1170/1190 against the greenback from yesterday’s close of 4.1165/1175. 

ActivTrades trader Dyogenes Rodrigues Diniz said investors will keep a close eye on the Core Consumer Price Index (CPI) data and the Initial Jobless Claims in the United States, which are likely to be the main market movers today. – Bernama, June 10, 2021

Related News

Malaysia / 2w

Najib’s RM50m fine: Grassroots feel money could be put to better use for the rakyat

Business / 1mth

Moves in major US stock indices could spill into currency and gold markets

Business / 2mth

Central bank policies remain crucial in shaping currency market movements

Off beat / 2mth

Malaysia’s ‘Happy Potato’ enters 4 new markets in 6 months

Business / 5mth

Ringgit edges higher against US Dollar amid subdued market sentiment

Malaysia / 5mth

Money, jewellery overflowed on the floor of Pavilion Residences - Witness

Spotlight

Malaysia

Nhaveen murder trial: Accused admits taunting victim but denies fatal assault

Malaysia

MCMC probes alleged AI sexual abuse targeting Kedah pupils, teachers

Malaysia

Anwar checks final preparations for Budget 2027

Malaysia

Sarawak election could be called within weeks of Budget 2027

Malaysia

Anwar contacts Prabowo over ‘alarming’ transboundary haze

Malaysia

King calls for schools in haze-hit areas to close

Malaysia

Parents worry over children’s exposure as haze worsens

By Alfian Z.M. Tahir

You may be interested

Business

Oil slips on Trump’s Iran remarks, but supply risks and strong US dollar keep markets on edge