Crude oil price boosts ringgit versus USD

Oct 11, 2016
The Brent Crude Oil helped ringgit to be stronger against USD.
The Brent Crude Oil helped ringgit to be stronger against USD.

The ringgit continued its upward trend against the US dollar in Tuesday’s early session with the help of firm oil prices said a dealer.

At 9am, the ringgit was quoted at 4.1460/1510 against the greenback from 4.1510/1560 on Monday.
The Brent Crude oil price hit a one-year high after Russian President Vladimir Putin voiced his support over for a proposal to limit oil output said the dealer.
The ringgit also traded higher against a basket of major currencies.
The ringgit rose against the yen to 3.9881/9948 from 4.0215/0267 on Tuesday and also improved against the Singapore dollar to 3.0109/0147 from 3.0209/0258.

Against the euro, ringgit improved to 4.6153/6213 from 4.6358/6418 and firmed against the British pound to 5.1137/1223 from yesterday’s close of 5.1535/1613.

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