Ringgit at near 2-year low weighed by expected 50-bps US rate hike


KUALA LUMPUR: The ringgit, along with other major currencies, continued to be under-pressure after expectations of a 50-basis points (bps) rate hike by the US Federal Reserve (Fed) supported the US dollar.

At 6 pm, the local note eased further to near two-year low at 4.3560/3580 versus the greenback from 4.3230/3270 at the close last Friday.

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