Ringgit opens lower as US$ rises, Europe lockdowns loom : vi

Ringgit opens lower as US$ rises, Europe lockdowns loom


10:17 AM MYT
KUALA LUMPUR: The ringgit opened lower against the US dollar today as the greenback strengthened following encouraging news of the US COVID-19 stimulus deal.
At 9.07am, the ringgit was quoted at 4.0430/0470 versus the greenback compared with 4.0375/0415 last Friday.
Axi Chief Global Market Strategist Stephen Innes said despite US lawmakers looked set to toast the celebratory inking of stimulus deal, Asian investors woke up to a currency market air pocket as British pound and euro selling in early trade as a mutant strain of the virus is about to throw a chilling wet blanket over the holiday season in Europe.

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