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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.
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At 9 am, the local note fell to 4.1330/1360 against the greenback from 4.1200/1250 recorded at Tuesday’s close.
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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