Ringgit opens higher as US$ weakens ahead of Jackson Hole


KUALA LUMPUR: The ringgit rebounded to open higher against the US dollar amid renewed buying interest for the local unit. At 9.12 am, the ringgit was pegged at 4.1740/1790 against the greenback from 4.1810/1860 recorded on Tuesday.

A dealer said the US dollar headed south ahead of central bankers meeting in Jackson Hole this Friday, where the US Federal Reserve is anticipated to give clues on potential interest rate hike.

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