KUALA LUMPUR: The ringgit opened higher against the US dollar today after the greenback retreated following the United States (US) central bank’s less hawkish tone on interest rate hikes, an analyst said.
KUALA LUMPUR, Nov 25 The ringgit continued its positive momentum this morning, rising by 0.38 per cent against the US dollar at the opening today, reflecting the positive.
KUALA LUMPUR: The ringgit has extended its positive run against the US dollar today, improving further to the 4.55 level on expectations of softer United States (US) inflation and less aggressive US Federal Reserve’s rate hikes, said an analyst.