Ringgit extends gains as Fed rate-hike expectations ease

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Free Malaysia Today Malesia 21h

Ringgit extends gains as Fed rate-hike expectations ease

KUALA LUMPUR: The ringgit extended its gains to close higher against the US dollar today, as declining expectations of a US Federal Reserve (Fed) interest rate hike in September weighed on the greenback. At 6pm, the ringgit rose to 4.0575/4.0615 against the US dollar from yesterday’s close of 4.058»»»

freemalaysiatoday.com
Malay Mail Malesia 18.08. 03:25

Ringgit starts stronger as inflation stays in check, tipped to stay within 4.06-4.08 range today

KUALA LUMPUR, Aug 18 — The ringgit opened higher against major currencies but was little changed against the US dollar on Tuesday, amid expectations that the possibility of a US interest rate hike in September has dropped, an economist said. At 8 am, the local currency stood at 4.0585/0675 against »»»

malaymail.com
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