Ringgit opens slightly lower vs US dollar
2 months ago
The ringgit was traded slightly lower against the US dollar in the early session today due to escalating market uncertainties, according to an economist.
At 9 am, the local note inched down to 4.4270/4310 versus the greenback compared with last Friday’s closing rate of 4.4250/4305.
Bank Muamalat Malaysia Bhd chief economist and social finance Dr Mohd Afzanizam Abdul Rashid said the International Monetary Fund (IMF) chief, Kristalina Georgieva indicated that the risks of financial instability have increased.
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