Ringgit opens weaker on lack of buying interest

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KUALA LUMPUR, Aug 29 — The ringgit opened lower against the US dollar on Monday due to the lack of buying interest, said a dealer. At 9.18am, the local currency stood at...

KUALA LUMPUR, Aug 29 — The ringgit opened lower against the US dollar on Monday due to the lack of buying interest, said a dealer.

In a note, Kenanga Research said the local unit may struggle to maintain its upward momentum against the greenback following the United States Federal Reserve’s reiteration of its hawkish stance during the Jackson Hole symposium last Friday.

 

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