Ringgit opens marginally lower against US$

KUALA LUMPUR: The ringgit opened marginally lower against the US dollar today on the expectation of a pause in the United States Federal Reserve’s Fund Rate in the next meeting on May 2-3, 2023.

The expectation was premised on the United States (US) Initial Jobless Claims data which came in higher than expected (228,000 real against 200,000 forecast), said an analyst.