KUALA LUMPUR (Oct 26): The ringgit opened easier against the greenback on Tuesday (Oct 26) on a lack of market catalysts, said a dealer.
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At 9.02am, the local currency had depreciated to 4.1505/1535 versus the greenback from 4.1480/1510 at Monday’s close.
The dealer said market participants were cautious ahead of the tabling of Budget 2022 on Friday.
“However, steady crude oil prices, which are currently at above US$85 (about RM352.50) per barrel, capped the ringgit from trading lower,” he said.
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The local note was traded mixed against a basket of major currencies.
It fell against the Singapore dollar to 3.0811/0835 from 3.0781/0805 on Monday and weaker vis-a-vis the British pound at 5.7103/7144 from 5.7043/7085.
However, the local currency appreciated versus the Japanese yen to 3.6456/6482 from 3.6504/6534 on Monday and rose against the euro to 4.8158/8193 from 4.8229/8264.-BERNAMA