KUALA LUMPUR: The ringgit opened lower against the US dollar today as more investors shifted towards safe haven currencies over an expectation that the US Federal Reserve will raise rates four times this year rather than three.

At 9.15am, the local note was quoted at 3.9255/9285 versus the greenback from Wednesday's 3.9150/9190.

The ringgit also traded mostly lower against a basket of other major currencies.

It depreciated against the Singapore dollar to 2.9593/9622 from Wednesday's 2.9583/9624, but rose against the British pound to 5.3968/4031 from 5.4383/4462.

It went down against the euro to 4.7840/7881 from 4.7837/7898, and weakened against the yen to 3.6780/6818 from 3.6551/6606. - Bernama