At the opening bell, the ringgit traded with slight changes compared with other major currencies. — Picture by Hari Anggara
At 9.01am, the local note was quoted at 4.0710/0760 versus the greenback from 4.0750/0780 at Wednesday’s close. Commenting on the ringgit’s performance, Axi chief global market strategist Stephen Innes said there has been little action in the ringgit since the Organisation of the Petroleum Exporting Countries and its allies meeting hit the deferment button on Sunday, as the local unit remained tied to the the movement of crude oil markets.
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