Ringgit opens mixed, weakens against US dollar amid safe-haven demand
Kuala Lampur, April 13 --
KUALA LUMPUR, April 13 - The ringgit opened mostly higher against major currencies today, but eased slightly against the US dollar amid growing external uncertainties and firmer demand for the US dollar.
At 8 am, the local note eased to 3.9695/9960 against the US dollar from 3.9625/9680 at last Friday's close.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the ringgit's near-term performance is likely to remain cautious amid heightened geopolitical tensions and shifting market sentiment.
"Risk aversion among traders is becoming more pronounced following stalled negotiations between the US and Iran. Historically, such developments tend to trigger safe-haven demand for ...
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