Ringgit weakens to 4.0480 vs US dollar

At 6pm, the local note was quoted at 4.0480/0530 against the greenback, versus 4.0300/0340 at last Friday’s close.

KUALA LUMPUR: The ringgit finished 180 basis points (bps) easier against the US dollar today as investors adopted a cautious stance while waiting for Prime Minister Tan Sri Muhyiddin Yassin’s announcement on the implementation of the Movement Control Order (MCO).

At 6pm, the local note was quoted at 4.0480/0530 against the greenback, versus 4.0300/0340 at last Friday’s close.