KUALA LUMPUR: The ringgit extended its downtrend against the US dollar at the opening today amid reports of a unity government in the works and calls for a snap election as the country’s political uncertainty drags on, analysts said.
This is further weakened by the renewed concerns about the depth and duration of the coronavirus (Covid-19) impact on global growth.
At 9am, the local note fell to 4.2350/2390 against the greenback from 4.2310/2350 at Tuesday’s close.
