Ringgit opens lower as investors seek out safe havens

KUALA LUMPUR: The ringgit retracted from yesterday's gains to open lower against the US dollar this morning, as investors continue to seek shelter in the safe-haven currency, a dealer said.

At 9.20 am, the local currency fell to 4.3970/4005 against the greenback from Tuesday's close of 4.3945/3980.

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Ringgit , US dollar , Fed , safe-haven , global benchmark equities

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