At 6pm, the local currency fell to 4.4820/4.4840 against the greenback from Tuesday’s close of 4.4745/4.4780.

The market was closed yesterday for the National Day celebration.

A dealer said China has expanded its Covid-19 lockdowns to include Chengdu, adding to downward pressure on oil prices.

The city of 21 million people will be locked down for four days for city-wide mass testing starting today.

At the time of writing, the benchmark Brent crude oil price dropped 2.25% to US$93.39 per barrel.

ActivTrades trader Anderson Alves said the ringgit will also take cues from the US non-farm payroll data tomorrow, with investors waiting to gauge how aggressive the US Federal Reserve monetary policy could be towards year end.

Meanwhile, the ringgit was traded mostly higher against a basket of major currencies.

The local unit appreciated against the Singapore dollar to 3.2028/3.2047 from Tuesday’s close of 3.2073/3.2103, rose against the British pound to 5.1964/5.1987 from 5.2472/5.2514, and gained against the Japanese yen to 3.2205/3.2222 from 3.2335/3.2363 previously.

However, it depreciated against the euro to 4.4923/4.4943 from 4.4884/4.4919 on Tuesday.