Ringgit opens easier as US$ strengthens

KUALA LUMPUR: The ringgit traded lower against the US dollar at the opening today as the US Dollar Index (DXY) strengthened by 0.20 per cent to 103.419 points.

Analysts said this came as the July Federal Open Market Committee (FOMC) meeting minutes revealed that the United States Federal Reserve (Fed) members were still concerned about inflation, which necessitated the restrictive monetary policy to be retained.