Ringgit opens lower as Fed rate hike expectations remain

KUALA LUMPUR: The ringgit weakened against the US dollar at the opening today as investors’ expectations on the Federal Reserve rate hike remained intact and lent some support for the dollar, said an analyst.

At 9 am, the local note dropped to 4.2320/2340 against the greenback from 4.2290/2320 at Friday’s close.

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Ringgit , US dollar , opening , Omicron variant ,  Kenanga Investment Bank

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