KUALA LUMPUR: The ringgit extended yesterday’s gains to open higher against the US dollar today, as the greenback continued to weaken in reaction to a statement from the United States Federal Reserve (Fed).
The market had taken note of the speech by Fed chair Jerome Powell which indicated that a stronger and long-lasting inflation was a real possibility, dealers said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
