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Ringgit retreats to open marginally lower as Trump's tariff move weighs

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The ringgit retreated to open marginally lower today, weighed by pressure against the US dollar following United States (US) President Donald Trump's announcements on global reciprocal tariffs.

At 8 am, the ringgit inched lower to 4.4425/4445 against the greenback from yesterday's close of 4.4400/4460.

The Trump administration imposed sweeping reciprocal tariffs, with the White House releasing a list of roughly 100 countries and their respective tariff rates, including Malaysia.

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