KUALA LUMPUR: The ringgit remained weaker against the US dollar in the early session today on lingering concerns on COVID-19 and the plunging global oil prices, dealers said.
At 9.07 am, the local note eased to 4.2330/2370 against the greenback from Monday’s close of 4.2130/2170. AxiCorp chief market strategist Stephen Innes said the crash in oil prices reverberated through financial markets following the collapse in oil supply pact between the Organisation of the Petroleum Exporting Countries (OPEC) and Russia on Friday.
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