KUALA LUMPUR: The ringgit opened slightly higher against the US dollar on Wednesday, on the expectation that the US Federal Reserve will reduce short-term interest rates by a quarter-point to a range of between 1.75 per cent to 2.0 per cent when policymakers meet this week.
At 9 am, the ringgit rose to 4.1750/1800 versus the greenback from 4.1810/1850 at Tuesday’s close.
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