Ringgit opens higher vs greenback as US inflation slows


KUALA LUMPUR: The ringgit opened higher today as demand for the US dollar declined after the US Consumer Price Index (CPI) data came in lower than expected at 3.2 per cent in October versus consensus estimates of 3.3 per cent.

At 9.09 am, the ringgit strengthened to 4.6550/6600 against the greenback from Tuesday’s close of 4.7165/7210.

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