Ringgit slides against USD as Fed signals further rate hikes

  • Forex
  • Friday, 9 Nov 2018

KUALA LUMPUR: The ringgit retreated from yesterday's gains to open lower this morning against the US dollar, as the stronger greenback curbed demand for the local unit, dealers said.

At 9am, the ringgit stood at 4.1735/1765 versus the greenback from 4.1620/1670 recorded at 6 pm on Thursday.