Ringgit rises on dovish FOMC outcome


KUALA LUMPUR: The ringgit opened in a relief rally by gaining 100 basis points (bps) against the US dollar following the dovish Federal Open Markets Committee’s (FOMC) decision to keep the US interest rates near zero.

At 9am, the local note advanced to 4.1090/1130 against the greenback from 4.1190/1240 at Wednesday’s close.

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Ringgit ,  Axi , Stephen Innes , FOMC

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