Ringgit trades lower on US asset tapering, Evergrande debt crisis


KUALA LUMPUR: The ringgit traded lower against the US dollar at the opening bell today due to the possibility that the United States Federal Reserve (US Fed) would taper its bond purchases and the highly probable debt default by China’s largest property players, said an analyst.

At 9 am, the local note fell to 4.1870/1910 from 4.1835/1850 at Tuesday’s close.

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Ringgit , US dollar , Opening ,  US Fed , Bank Islam 

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