Ringgit Opens Lower Against US Dollar

KUALA LUMPUR, Feb 19 (Bernama) -- The ringgit opened lower against the US dollar Friday on a sell-off following another slip in global crude oil prices. At 9.10 am, the local unit was traded at 4.2000/2100 against the dollar from Thursday's close of 4.1670/1730. "US oil futures fell in early Asian trade on Friday to near US$30 per barrel again on continuos concerns about global oversupply. "This prompted profit taking on the ringgit and squaring (of positions) towards the weekend," said a local trader. The local note also traded lower against other major currencies Friday morning. It went down against the British pound to 6.0169/0338 from Thursday's close of 5.9467/9574, and softened against the yen to 3.7221/7326 from 3.6646/6715. The ringgit was lower against the Singapore dollar at 2.9857/9947 from Thursday's close of 2.9675/9724, and weakened against the euro to 4.6712/6840 from 4.6387/6462. -- BERNAMA