Ringgit opens marginally higher against US$ amid Fed hikes

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today despite fragile market sentiments over expectations of an aggressive monetary tightening by the United States Federal Reserve (Fed) that would take a toll on the economy, a dealer said.

At 9 am, the local currency was traded at 4.3970/4015 against the greenback from yesterday's close of 4.3985/4015.