KUALA LUMPUR: The ringgit continues its downtrend against the US dollar as cautious investors await tomorrow's release of the gross domestic product (GDP) data, dealers said.
At 9am today, the ringgit was lower at 4.1715/1745 against the greenback compared with 4.1690/1720 during yesterday's close.
On the oil front, he said the price of crude oil is expected to stabilise between US$70 to US$75 per barrel, as the global energy investments have been steady at over $1.8 trillion in 2018, ending three years of declines. The local note traded slightly higher against the Singapore dollar at 3.0460/0484 from 3.0466/0499 on Tuesday's close but depreciated against the Japanese yen to 3.8061/8099 from 3.8018/8048.
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