Ringgit retreats to open lower versus greenback

KUALA LUMPUR: The ringgit retreated from previous days' gains to open lower against the US dollar today as the greenback strengthened following the United States (US) Federal Reserve’s (Fed) hawkish Semiannual Monetary Report to the US Congress, an analyst said.

At 9 am, the local note fell to 4.5065/5140 versus the greenback from Tuesday’s closing of 4.4710/4730.