The ringgit opened lower against the US dollar on a lack of catalysts, said dealers.
At 9.36am, the ringgit depreciated to 4.7075/7110 versus the greenback from Tuesday’s close of 4.6925/6965.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the risk-off mode will continue to prevail, leading to higher demand for the US dollar amid doubts on further rate cuts by the US Federal Reserve and tension in the Middle East. – Bernama
