Ringgit opens lower on Covid concerns, hawkish Fed

KUALA LUMPUR: The ringgit opened marginally lower against the US dollar at opening today due to concerns over the COVID-19 pandemic in the region, as well as the hawkish US Federal Reserves tone that validated a bullish US dollar view, a dealer said.

At 9am, the local unit stood at 4.1180/1230, marginally lower against 4.1130/1180 at Tuesday's close.