At 9.13 am, the local note eased to 4.4250/4295 against the US dollar from 4.4230/4275 at Wednesday’s close.
"But with COVID-19 cases skyrocketing, market players are now pushing out their timelines for recovery, thinking household mobility could remain low even after a full reopening due to the lingering psychological effect of the virus,” Innes told Bernama. Following this, Innes said, oil prices went down, which was likely symbolic of the market's overriding feeling of uncertainty around recession and the US Fed Reserve policy outlook.
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