KUALA LUMPUR: The ringgit took a breather from recent gains to open lower against the US dollar today, weighed by a risk-off sentiment amid heightened global geopolitical tension, an analyst said.
At 8 am, the local note eased to 4.1595/1680 versus the greenback compared to yesterday's close of 4.1530/1610.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US dollar Index (DXY) rose 0.42 per cent to 101.194 points as traders and investors were seeking shelter in light of the heightened uncertainties.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....