Ringgit ends higher in line with broader forex market

KUALA LUMPUR: The ringgit closed stronger against the US dollar today in line with the broader foreign exchange (forex) market as traders started to consider the real possibility of the United States Federal Reserve (Fed) cutting interest rates for non-recessionary reasons, said an analyst.

At 6 pm, the ringgit rose to 4.6655/6705 against the greenback from Friday’s close of 4.6785/6825.

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Ringgit , US dollar , Stephen Innes , Forex , Federal Reserve

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