KUALA LUMPUR, NOV 29: “The ringgit opened lower against the US dollar on November 29, on technical profit-taking activities,” a dealer said.
At 9 a.m., the local currency fell against the US Dollar at 4.4590/4650 from 4.4550/4600 on Monday.
The dealer said sentiment is still positive for the ringgit, on expectations of better risk appetite with new interest in buying from foreign funds on Bursa Malaysia, which is expected to lend support.
He added that traders also stayed on the sidelines in anticipation of the outcome of the Organisation of Petroleum Exporting Countries (Opec) meeting on November 30, reported BERNAMA.
Meanwhile, the ringgit was mixed against other major currencies.
It traded lower against the Singapore dollar at 3.1300/1360 from 3.1285/1325, and declined against the yen from 3.9745/9827 to 3.9653/9701.
However, the ringgit appreciated against the euro at 4.7270/7342 from 4.7334/7392, and against the British pound at 5.5278/5370 from 5.5576/5652
