KUALA LUMPUR, Aug 18 ― The ringgit opened easier versus the US dollar today on the lack of buying interest as investors’ sentiment remained cautious amidst the uncertainties due to the local political development.
An analyst told Bernama that investors also prefer the safe-haven US dollar as China’s July retail sales, industrial production and urban investment data had weakened, while Covid-19 wreaks havoc across the region. “The currency, which surged as much as 11 per cent between March 2020 and January 2021, has already halved its gains as the coronavirus outbreak worsened.Meanwhile, the local note had opened higher against a basket of major currencies.
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