Risk-off mode drags ringgit lower at opening

KUALA LUMPUR: The ringgit opened lower against the US dollar on Monday as risk off impulses hit demand for the local currency.

At 9.01 am, the local currency declined further to 4.1960/2000 versus the greenback from 4.1940/1975 at Friday’s close.

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Ringgit ,  US dollar , US interest rate , FOMC , Fed

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