Ringgit opens easier against US dollar | Malay Mail

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KUALA LUMPUR, May 13 ― The ringgit reversed yesterday's gains to open easier against the US dollar this morning ahead of the country's first-quarter gross domestic product results announcement. At 9.05am, the local unit was quoted at 4.3350/3450 against the greenback from 4.3270/3370 registered...

At 9.05am, the local unit was quoted at 4.3350/3450 against the greenback from 4.3270/3370 registered at 6pm yesterday. — Bernama pic

At 9.05am, the local unit was quoted at 4.3350/3450 against the greenback from 4.3270/3370 registered at 6pm yesterday. AxiCorp's chief market strategist Stephen Innes said with risk trading poorly in the United States' markets and falling oil prices, the ringgit would struggle for traction today. “Still, the fear of secondary virus outbreaks and Australia-China tensions would continue to sully the near-term regional landscape,” he said in a note today.

 

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