Malaysian Ringgit Opens Lower Against US Dollar

KUALA LUMPUR, Nov 10 (Bernama) -- The ringgit opened lower against the US dollar Thursday in line with the incoherent crude oil prices post-US presidential election, said a dealer. At 9 am, the ringgit was quoted at 4.2500/2550 against the greenback from 4.2240/2300 on Wednesday. Public Investment Bank Bhd, in a note Thursday, said Donald Trump's victory in US presidential election shocked Asian markets, considering his seemingly 'controversial' stands on certain issues and its potentially far-reaching ramifications on the global stage, among which were related to trade, China and energy. International benchmark Brent oil prices stood at US$46.28 per barrel at the opening while the West Texas Intermediate oil prices were priced at US$45.08 per barrel. The ringgit was traded mixed against a basket of major currencies. It eased against the Singapore dollar to 3.0351/0412 from 3.0345/0392 on Wednesday. It, however, strengthened against the yen to 4.0193/0252 from 4.0808/0877. It depreciated against the British pound to 5.2802/2894 from 5.2340/2427, but rose against the euro to 4.6410/6486 from 4.6679/6754. -- BERNAMA