Ringgit remains weaker against US dollar in early trade

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Ringgit remains weaker against US dollar in early trade
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Plunging oil prices continues to impact local note’s performance. FMTNews Ringgit

KUALA LUMPUR: The ringgit remained weaker against the US dollar in the early session today on lingering concerns on Covid-19 and the plunging global oil prices, dealers said.

AxiCorp chief market strategist Stephen Innes said the crash in oil prices reverberated through financial markets following the collapse in oil supply pact between the Organisation of the Petroleum Exporting Countries and Russia on Friday.

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