Ringgit opens lower against greenback on stronger US data


KUALA LUMPUR: The ringgit weakened against the US dollar at the opening today, as the higher-than-expected United States (US) Producer Price Index (PPI) data released yesterday caused the greenback to appreciate against its counterparts, a dealer said.

At 9 am, the local note slipped to 4.2330/2380 against the greenback from 4.2300/2340 at Tuesday’s close.

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ringgit , currencies , dollar , US Federal Reserve , FOMC , PPI

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