KUALA LUMPUR, Dec 6 — The ringgit ended lower against the US dollar today on lack of buying interest as investors stayed on the sidelines to assess the global economic growth development, said a dealer.
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the ringgit fluctuated against the US dollar today with the local note appreciating to as high as 4.223 against the US dollar earlier but later in the afternoon session, weakened to around 4.2315. “The heightened concern over the latest variant — Omicron, suggests that the downside risks to growth is still high, leading to better demand for safe haven currencies namely the US dollar,” he told Bernama.
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