KUALA LUMPUR, June 4 — The ringgit eases against the US dollar in the early session today on mild profit-taking following the local note’s three straight days of gains.
At 9.11am today, the ringgit was quoted at 4.2630/2700 against the greenback from 4.2590/2660 at the close yesterday.
A dealer said buying sentiment towards the ringgit was also hampered by weaker global oil price whereby the international benchmark Brent crude oil was 0.68 per cent lower at US$39.52 per barrel while the WTI crude traded 1.13 per cent easier at US$36.97 per barrel.
“Furthermore, the local note is taking a breather from its gains as investors await the outcome of the Opec+ meeting later today,” he added.
Meanwhile, the ringgit was traded mixed against a basket of benchmark currencies.
It declined against the Singapore dollar to 3.0498/0559 from 3.0480/0537 and was lower against the euro at 4.7839/7931 from 4.7769/7856.
The ringgit rose against the Japanese yen at 3.9128/9203 from 3.9149/9224 and advanced against the British pound to 5.3479/3571 from 5.3638/3743.
— Bernama
