Ringgit starts the day unchanged against US dollar
Traders stay on the sidelines awaiting release of economic data as the ringgit opens unchanged against the US dollar. — Reuters pic
“With the global economy slowing down, investors are being extra diligent before investing,” he told Bernama. However, the dealer said the previous deflation reading back in 2009 was when oil prices dropped below US$50 per barrel. In the current scenario, oil prices have very much stablised in ranging between US$67 to US$70 per barrel.Meanwhile, the ringgit also traded higher against a basket of other major currencies.
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