Ringgit lower as rising US Treasury yields strengthen US dollar

KUALA LUMPUR: The ringgit opened lower versus the US dollar on the strengthening of the greenback due to rising US Treasury yields that continued to test cross-asset risk sentiment, with the US Congress on the cusp of sending a US$1.9 trillion stimulus bill to President Joe Biden for sign off, dealers said.

At 9 am, the local currency slipped to 4.0750/0780 against the US dollar from 4.0720/0760 at Friday's close.