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The ringgit extended yesterday’s gain to open higher against the greenback on Friday as more investors shifted toward emerging currencies on rising expectations of an interest rate cut in the United States next month and ahead of a US inflation report later today.

Oil prices fell on Friday but are set for a weekly gain.

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SINGAPORE: Japanese rubber futures retreated on Thursday, tracking oil prices lower as a softer dollar weighed on market sentiment, though an upbeat auto manufacturing outlook provided some support. The Osaka Exchange (OSE) rubber contract for February delivery was down 0.4 yen, or 0.13 percent, at 317.1 yen (USD2.15) per kg.

Brent crude futures settled up 57 cents, or 0.8%, at US$68.62 a barrel, while US West Texas Intermediate crude futures rose 45 cents, or 0.7%, to close at US$64.60 a barrel.