Ringgit opens lower as greenback gains ahead of retail data

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar as the greenback gained momentum ahead of the United States (US) October’s Retail Sales data which is expected to rise to 0.7 per cent month-on-month, based on consensus estimates, said an analyst.

At 9 am, the local note fell to 4.1630/1655 versus the greenback from 4.1600/1630 at yesterday’s close.