Ringgit opens lower against US$ amid fears of accelerating inflation

KUALA LUMPUR: The ringgit extended its downtrend to open lower against the US dollar today on a stronger US dollar Index (DXY) as the US Treasury went up amid fears of a further acceleration of global inflation, said an analyst.

At 9 am, the local currency dropped to 4.3760/3820 versus the US dollar from Tuesday's close of 4.3755/3780.

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ringgit , US dollar. DXY , US Treasury , yields , opening ,  Dr Mohd Afzanizam Abdul Rashid

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