欧博allbet网址:Ringgit ends lower against US dollar on fall in oil price, china interest rate cut
KUALA LUMPUR: The ringgit ended weaker on Monday against the US dollar, in line with regional currencies which were dragged down by China's move to cut a key lending rate, said an analyst.
At 6 pm, the local currency settled at 4.4855/4870 against the greenback from Friday’s close of 4.4760/4795.
The analyst said the yuan was reported to hit its lowest level since September 2020 following the move to ease the pressure on China’s housing market and its slowing economy.
The People's Bank of China reduced its five-year loan prime rate, the benchmark for mortgage rates, by 15 basis points to 4.30 per cent from 4.45 per cent.
He said the ringgit has also been on a downtrend due to the decline in oil prices.,,皇冠正网平台出租（www.hg108.vip）是皇冠（正网）接入菜宝钱包的TRC20-USDT支付系统，为皇冠代理提供专业的网上运营管理系统。系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统，让皇冠代理的运营更轻松更安全。
The benchmark Brent crude oil prices currently stood at US$96.15 per barrel, down 0.59 per cent.
Meanwhile, the ringgit was traded mostly higher against a basket of major currencies today.
It rose against the Singapore dollar at 3.2147/2163 from 3.2225/2254 at Friday’s close, increased versus the British pound to 5.2947/2965 from 5.3126/3167 previously, and appreciated slightly against the euro at 4.4886/4901 from 4.5069/5104.
However, the local unit decreased slightly vis-a-vis the Japanese yen at 3.2786/2800 from 3.2767/2795 previously. - Bernama