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Ringgit falls to 4.418 against US dollar

March 20, 2020
Source:  © 2020 New Straits Times

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By Bernama - March 20, 2020 @ 10:19am

 

KUALA LUMPUR: The ringgit depreciated further against the US dollar at the opening session today due to rising uncertainties over the Covid-19 pandemic, dealers said.

At 9am, the local note fell to 4.4180/4230 against the US dollar, compared with yesterday’s close of 4.4080/4120.

A dealer said the sliding ringgit is moving in tandem with regional emerging market currencies as the coronavirus outbreak dampened market sentiment.

However, the ringgit traded mostly higher against other major currencies.

It rose slightly against the Singapore dollar to 3.0394/0440 from 3.0425/0470 at Thursday’s close, increased against the euro to 4.7109/7171 from 4.7759/7822, and rose against the Japanese Yen to 3.9741/9800 from 4.0457/0574 yesterday.

The local note depreciated against the British pound to 5.0940/1010 from 5.0848/0923. - BERNAMA