Ringgit slides as US dollar soars across markets


KUALA LUMPUR: The ringgit closed the week on a softer note weighed by the continuous strengthening of the US dollar, riding on the minutes of the Federal Reserve that indicated the central bank would continue to raise its interest rates.

At 6 pm, the local currency ended at 4.4760/4795 against the greenback from Thursday’s close of 4.4720/4750.

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