Malaysian Ringgit Opens Slightly Higher Against US Dollar

KUALA LUMPUR, Nov 2 (Bernama) -- The Malaysian ringgit opened slightly higher against the greenback on Friday, as traders remained optimistic, ahead of the 2019 Budget announcement scheduled for this afternoon, dealers said. At 9 am, the local unit stood at 4.1720/1760 versus the US dollar from 4.1770/1820 on Thursday. A dealer said oil prices continued falling on Friday, amid signs of rising supply and growing concerns that demand might weaken on the prospect of a global economic slowdown. At 9 am, the benchmark Brent crude was recorded at US$72.58 per barrel. The ringgit, meanwhile, traded lower against other major currencies. It dipped against the Singapore dollar to 3.0296/0329 from 3.0270/0318 on Thursday and depreciated against the euro to 4.7548/7606 from 4.7530/7595. The ringgit slid against the British pound to 5.4203/4275 from 5.3908/3977 and declined against the Japanese yen to 3.6986/7031 from 3.6968/6015. -- BERNAMA