What happened to the ringgit against the Singapore dollar during the session?

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The Ringgit Traded Lower Against the Singapore Dollar

The Malaysian ringgit depreciated against the Singapore dollar during the session, closing at 3.0355/0386 compared to its previous trading level of 3.0339/0372. This movement occurred within a broader context of the ringgit weakening against the US dollar and other major currencies. The dealer noted that regional markets are expected to experience continued volatility as long as US President Donald Trump maintains his stance against China and other nations. This sentiment, coupled with escalating trade tensions between the US and China, continues to exert downward pressure on markets.
Ringgit Performance Against Major Currencies

The ringgit traded mostly lower against a basket of major currencies. Against the US dollar, it closed lower at 4.1845/1875 from 4.1750/1780 at the close of the previous Friday. The local unit also depreciated against the Japanese yen, moving to 3.7972/8006 from 3.7924/7961.
Ringgit Strengthened Against the British Pound

In contrast to its performance against other currencies, the ringgit strengthened against the British pound. It traded at 5.3118/3165 compared to the previous Friday's close of 5.3219/3274. This represented a notable exception to the general downward trend observed in the ringgit's performance against other major foreign currencies.
Ringgit Weakened Against the Euro

The ringgit also saw a decline in its value against the euro. It traded at 4.6653/6699, a weaker position compared to its previous close of 4.6576/6622. This movement contributed to the overall trend of the ringgit trading lower against a basket of major currencies, influenced by broader regional economic and geopolitical factors.

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What happened to the ringgit against the Singapore dollar during the session?

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