Ringgit continues downtrend against US dollar amid risk-off sentiment


KUALA LUMPUR: The ringgit continued its downtrend against the US dollar at the close today as the greenback continued its ascent on safe-haven asset demand ahead of the release of the minutes of the US Federal Open Market Committee (FOMC) meeting later today.

Expectations of more hawkish signals from the FOMC weighed on most Asian currencies, an analyst said.

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