KUALA LUMPUR: The ringgit opened lower against the US dollar in early trade on weak buying interest for the local note due to the weaker-than-expected fourth-quarter 2019 gross domestic product (GDP) results.
At 9.26am, the ringgit was quoted at 4.1410/1450 against the greenback from 4.1390/1420 at yesterday's close. A dealer said investors’ interest shifted away from the local note as Malaysia's Q4 2019 GDP performance was lower than the market anticipated, at 3.6 per cent compared with 4.7 per cent in Q4 2018.
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