THE ringgit traded lower against the US dollar today as the safe-haven greenback remained steady across the board amid ongoing risk aversion that dampen demand for riskier currencies.
At 9.05am, the ringgit was quoted at 4.3630/3700 against the US dollar compared with last Friday’s close of 4.3520/3620.
Hong Leong Bank Research in a note said protracted and heightening concerns over Covid-19 health and economic issues continued to unnerve global financial markets, while emergency and unconventional central banks’ responses worldwide created more panic than calm, hastening safety bids. – April 6, 2020, Bernama
