Ringgit weaker as investors seek safe haven currencies

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Ringgit weaker as investors seek safe haven currencies
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KUALA LUMPUR: The ringgit opened lower against the US dollar today as the greenback strengthened on renewed interest in safe haven currencies in light...

: The ringgit opened lower against the US dollar today as the greenback strengthened on renewed interest in safe haven currencies in light of the crisis in the Middle East, an analyst said.

Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said demand for the US dollar had increased as the latest development in the Israel-Palestine conflict is expected to take centre stage today.

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