Ringgit opens lower despite US dollar’s overnight retracement | Malay Mail

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KUALA LUMPUR, April 8 ― The ringgit traded lower against the US dollar today despite a broad overnight greenback retracement with the focus back to the sliding crude oil prices and the Organisation of Petroleum Exporting Countries (Opec) + meeting tomorrow. At 9.05am, the ringgit was quoted at...

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At 9.05am, the ringgit was quoted at 4.3550/3650 against the US dollar compared with yesterday's close of 4.3350/3450. — Bernama pic

At 9.05am, the ringgit was quoted at 4.3550/3650 against the US dollar compared with yesterday's close of 4.3350/3450. “The notion that the economy will not swiftly normalise even though lockdown measures are lifted also suggests risk aversion would continue to prevail. Meanwhile AxiCorp global chief market strategist Stephen Innes said the ringgit remained held hostage and tethered to the oil price yo-yo as all ears and eyes remain trained on the Opec+ meeting.

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