Ringgit eases against US dollar in early session

KUALA LUMPUR: The ringgit traded easier against the US dollar this morning on the back of cautious market sentiment as to whether the US Federal Reserve (Fed) would raise its interest rates in the upcoming meeting in early May, said an analyst.

At 9.02 am, the local note slipped to 4.2725/2775 versus the US dollar from 4.2505/2515 at Monday’s close.