At 9am, the local unit stood at 4.2840/2880 against the greenback from 4.2865/2895 last Friday.

A dealer said oil prices rose almost 2% following the weaker greenback on news that US crude inventories were running low for a third consecutive week.

“The dollar slipped to its 10-month low versus the euro after the European Central Bank planned to reduce its stimulus,” the dealer said, adding that investors shifted their interest to other currencies including the ringgit.

Against a basket of major currencies, the local note was traded mixed.

It appreciated against the Singapore dollar to 3.0891/0940 from Friday’s 3.0912/0944 and strengthened against the yen to 3.8189/8238 from 3.8541/8578.

The local unit eased against the British pound to 5.4895/4959 from 5.4537/4584 last Friday and fell against the euro to 4.8581/8630 from 4.7880/7918 previously.