KUALA LUMPUR: The ringgit opened lower versus the US dollar today, as demand for the greenback remained higher against a basket of ASEAN currencies amid lingering COVID-19 worries.
At 9.04am, the local unit decreased slightly to 4.1525/1565 against the greenback, compared with yesterday's close of 4.1520/1560.
AxiCorp's chief market strategist Stephen Innes said the local market appears to have stabilised, although the COVID-19 outbreak may weigh on growth in the near term with economic uncertainty remains high despite a probable call to action from Bank Negara Malaysia.