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Ringgit marginally higher against greenback at opening

It improves to 4.0690/0740 against the US dollar from yesterday's close of 4.0700/0740

Updated 5 years ago · Published on 08 Dec 2020 9:37AM

Ringgit marginally higher against greenback at opening
The ringgit’s recovery from Fitch Ratings' recent debt rating downgrade may take time. – December 8, 2020

KUALA LUMPUR – The ringgit opened marginally higher against the US dollar today on weakening demand for the greenback amid volatile sentiment for the local currency, an analyst said.

At 9am, the ringgit improved to 4.0690/0740 against the US dollar from yesterday's close of 4.0700/0740.

Axi chief global market strategist Stephen Innes said the ringgit’s recovery from Fitch Ratings' recent early debt rating downgrade may take time, but the ringgit index, however, is showing that it is struggling to make up lost ground after last week's rally. – Bernama, December 8, 2020

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