KUALA LUMPUR (March 24): The ringgit was lower versus the US dollar at opening Wednesday amid the resurgence in COVID-19 cases globally which has dented investor sentiment, dealers said.
At 9 am, the local note fell to 4.1330/1360 against the greenback from 4.1200/1250 recorded at Tuesday’s close.
Axi chief global market strategist Stephen Innes said investors ran for cover with the US bonds and US dollar as save harbour to ride the third wave of COVID-19 storm at various hot spots worldwide.-The Edge Market