Ringgit lower at opening against US dollar

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KUALA LUMPUR (Oct 16): The ringgit was lower against the US dollar at today's opening on lack of demand for the local currency amid cautious market sentiment, a dealer said.

At 9 am, the local note was at 4.1920/1950 versus the greenback from 4.1890/1920 recorded at Tuesday’s closing.

The dealer said news on Brexit reversed a dollar rally as fading optimism over the latest US-China trade truce stimulated investors to buy the greenback. - Bernama