KUALA LUMPUR, Dec 23 — The ringgit opened lower against the US dollar today, as the greenback rebounded on the back of strong US economic data released on Friday. The US economy remained strong despite the slowdown and showed an annual growth rate of 2.1 per cent in the third quarter of 2019,...
The rebound of the US dollar is making it difficult for the ringgit to move up even while the currency is said to be undervalued and due for appreciation. — Reuters pic
The US economy remained strong despite the slowdown and showed an annual growth rate of 2.1 per cent in the third quarter of 2019, said a dealer.
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