Ringgit opens higher against US$ on rising hopes Fed will pause rate hikes

KUALA LUMPUR: The ringgit opened higher against the greenback as the latest US inflation data strengthened hopes that the US Federal Reserve (Fed) would hold interest rates.

At 9.05 am, the local note rose to 4.6750/6800 against the greenback from Wednesday’s close of 4.6785/6835.