Also pushing the greenback higher was euro zone inflation slowing to a 14-month low, which knocked the euro to six-week lows and underscored the European Central Bank's caution in removing monetary stimulus in the region.
KUALA LUMPUR: The ringgit slipped further against the US dollar early Thursday, nearing the 4.00 level after the US Federal Open Market Committee hinted at two rate hikes this year, but the market is still cautious on uncertainty over the European Central Bank's (ECB) quantitative easing plans
OANDA Head of Trading in Asia-Pacific, Stephen Innes said the market should anticipate another lazy day Thursday with investors remaining sidelined ahead of the ECB meeting as they remain glued to macro moves in the global interest rate environment.
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