(FILES) This October 9, 2014 file photo shows Federal Reserve Vice Chair Stanley Fischer as he speaks during a CNN Debate on the Global Economy in Washington, DC. Vice Chair Stanley Fischer said August 28, 2015 that no decision had been made yet on raising interest rates at the US central banks September 16-17 policy meeting. Fischer told CNBC television in an interview that while the US economy remains strong, it was too early to tell whether the markets turmoil sparked by China has lessened the argument for a long-expected increase in the federal funds rate. We havent made a decision yet, and I dont think we should make a decision before the meeting, he said. AFP PHOTO / Jim WATSON
KUALA LUMPUR: Malaysia’s ringgit fell after Federal Reserve vice chairman Stanley Fischer (pic) said a US interest-rate increase is still on the cards this year even as futures appear to rule out such a move.
The currency retreated following last week’s biggest five-day gain since 1998.
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