KUALA LUMPUR: The ringgit weakened further against the US dollar today as the greenback remained firm on expectation of a more aggressive United States (US) rate hike in the coming months following the Federal Reserve (Fed) officials' hawkish statements.
The US dollar continued to be supported after Fed officials seemed to oppose the perception that they will slow the pace of interest rate hike as the interest rates were close to peaking, dealers said.
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