KUALA LUMPUR, Nov 30 — The ringgit closed flat against the US dollar today on lack of catalysts amid ongoing Organisation of the Petroleum Exporting Countries (Opec) policy meeting in Vienna, a dealer said.
At 6pm, the ringgit was unchanged at 4.4640/4680 against 4.4640/4680 yesterday.
A dealer told Bernama the local note was unchanged despite the continuous demand for it before the closing bell amid news that OPEC may reach a deal soon on oil production cut.
Meanwhile, FXTM Research Analyst, Lukman Otunuga, said the financial markets were gripped by investor jitters as uncertainty over OPEC securing a meaningful freeze deal in today’s Vienna meeting weighed heavily on global sentiment.
“The anomalies revolving around the deal continues to send ominous warnings while repeatedly conflicting reports of major oil producers cooperating and debating have left most market participants on edge,” he said.
The local note were traded mostly lower against a basket of major currencies.
Against the yen, the ringgit rose to 3.9466/9533 from 3.9634/9680 on Tuesday and against the Singapore dollar it eased to 3.1296/1332 from 3.1258/1295.
It weakened against the British pound to 5.5733/5805 from 5.5653/5720 and depreciated to 4.7479/7535 from 4.7301/7356 versus the euro. — Bernama