Ringgit weakens against US$ on interest rate bets


KUALA LUMPUR: The ringgit reversed its gains against the US dollar to open lower on Tuesday as the latter firmed up while bets for further rate interest rate hike continues.

At 9.02 am, the local currency eased to 4.3950/3975 versus the US dollar from last Friday’s close of 4.3870/3910.

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