KUALA LUMPUR – The ringgit opened slightly lower against the US dollar today, due to the strengthening of the greenback as a safe-haven demand among investors.
There is concern about a foreign policy pivot after United States president-elect Joe Biden’s inauguration on Wednesday.
At 9.03am, the ringgit stood at 4.0450/0510 versus the US dollar, from 4.0350/0380 at Friday’s close.
The local note also fell when the government reimposed the movement control order in several states last Monday.
The ringgit depreciated 0.2% last week, falling to RM4.037 to the US dollar from RM4.029 the previous week. – Bernama, January 18, 2021
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