Ringgit rises against US dollar as greenback retreats after fed dampens hawkish bets


KUALA LUMPUR: The ringgit closed higher against the greenback today after the US Fed said it would not actively consider 75-basis-point moves in the future.

It had earlier hiked the interest rate by half a percentage point and signalled that it would do so at the same rate in the next two meetings.

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Ringgit , US dollar , Fed , US , OANDA , SPI , Jeffrey Halley , Stephen Innes

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