Ringgit falls ahead of 2Q GDP data and on hawkish bias signal from Fed

KUALA LUMPUR: The ringgit retreated from yesterday's gains to end lower against the greenback on Thursday as the minutes from the United States’ Federal Open Market Committee (FOMC) pointed to US interest rates staying higher for longer, an economist said.

An expected slowdown in Malaysia’s second-quarter economic growth and China’s recovery woes further dampened sentiment.