KUALA LUMPUR: The ringgit opened slightly lower against the US dollar on Wednesday as better-than-expected United States economic data and uncertainty in the Middle East kept the greenback ticking higher.
At 8am, the local currency slipped to 3.9680/3.9725 against the greenback from last Friday’s close of 3.9625/3.9670.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the ringgit showed some weakness as trading resumed after a two-day break for the King’s Birthday and Wesak Day holidays.
MORE TO COME