Ringgit opens lower against US dollar

Estimate Reading Time: < 1 minute

KUALA LUMPUR (Jan 6): The ringgit opened marginally lower against the US dollar this morning as uncertainties surrounding the increasing number of COVID-19 cases and talks on delays in the vaccine distribution process, a dealer said.

-Advertisement-

-Advertisement-

At 9.10 am, the local currency eased to 4.0080/0130 from 4.0140/0180 versus the greenback from Monday’s close of 4.0040/0090.

Commenting on the US dollar, Axi chief global market strategist Stephen Innes said the on-going Georgia Senate election runoffs weighed on the latter’s performance and the dollar should come under further downward pressure.- The Edge Market

Share this Article
  •  
  •  
  •  
  •  
  •  
  •  
  •