Ringgit strengthens against retreating greenback


KUALA LUMPUR: The ringgit strengthened to open higher against the US dollar on Wednesday after the greenback retreated as hopes for an interest rate cut beginning next year have surfaced, an analyst said.

At 9 am, the ringgit rose to 4.6570/6605 against the greenback from yesterday's close of 4.6760/6805.

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