Ringgit opens easier against US$ as Fed turns hawkish


KUALA LUMPUR: The ringgit opened easier against the US dollar today as the greenback strengthened further following the Federal Reserve’s (Fed) official hawkish stance.

The United States’ (US) latest economic data continued to indicate that the economy was still on solid ground amid persistent inflation, reiterating the narrative of the higher for longer US interest rates, said an analyst.

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