Ringgit slides against US dollar, gains vs major currencies

KUALA LUMPUR: The ringgit opened lower against the US dollar on Wednesday but higher against major currencies amid mixed market sentiment driven by geopolitical risk and Trump’s ongoing pressure on the United States Federal Reserve.

At 8.01am, the local currency slipped to 4.0600/4.0680 against the greenback from Tuesday’s close of 4.0555/4.0600.

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