Ringgit opens 120bps lower amid falling oil prices, US yields spike

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KUALA LUMPUR (March 19): The ringgit reversed Thursday’s gains to open lower against the US dollar today amid falling crude oil prices and spike in the United States (US) Treasury yields.

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At 9 am, the local unit fell 120 basis points (bps) to 4.1210/1260 versus the greenback from 4.1090/1140 at Thursday’s close.-The Edge Market


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