KUALA LUMPUR: The ringgit opened slightly lower against the US dollar on Tuesday morning weighed down by the decline in oil prices, a dealer said. At 9 am, the ringgit slid to 4.1860/1900 against the greenback compared with 4.1850/1880 at Monday’s close, Bernama reported. Benchmark Brent crude was trading 0.28 per cent lower at US$68.58 per barrel as at the time of writing. It rose against the Singapore dollar at 3.0435/0473 from Monday’s 3.0447/0474 and appreciated versus the Japanese yen to 3.8200/8247 from 3.8226/8268. Looking at the ringgit, we expect it to trade between our support level of 4.1767 and 4.1822 while our resistance is pinned at 4.1889 and 4.1920," it said.

Source: The Star May 28, 2019 02:30 UTC