KUALA LUMPUR: The ringgit breached the RM4.30 level today, hitting a 20-month high against the US dollar, as traders expect the United States Federal Reserve (Fed) to cut interest rates between 25 and 50 basis points, said an economist.
At 6 pm, the local note appreciated to 4.2975/3050 versus the greenback from yesterday’s close of 4.3330/3370.
