Ringgit opens lower as US rate hike expectation weighs on sentiment

KUALA LUMPUR: The ringgit opened lower against the US dollar today, extending its downtrend from last Friday as concerns over further interest rate increases by the United States Federal Reserve (Fed) weighed on sentiments, analysts said.

At 9 am, the ringgit eased to 4.3350/3395 against the greenback from Friday’s close of 4.3320/3350.