KUALA LUMPUR (May 31): The ringgit opened lower against the US dollar today, as investors adopt a cautious measure ahead of total lockdown across the country starting tomorrow, an analyst said.
At 9.01am, the local currency declined to 4.1420/1500 against the greenback from Friday’s close of 4.1320/1350.
The analyst said the sudden announcement of a full-scale Movement Control Order (MCO) on Friday may cause some short-term local market volatility.
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