PETALING JAYA: The ringgit rose to an all-time high yesterday as players sold off dollars in anticipation of a possible interest rate cut at the US Federal Reserve (Fed) Open Market Committee meeting on Tuesday.
The ringgit closed at 3.3125/3155 against the greenback compared with 3.3155/3185 on Monday. It had hit an intra-day high of 3.3100, its best level since the local currency was de-pegged.
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