Ringgit opens marginally higher vs US$ as traders assess Fed's next move


KUALA LUMPUR: The ringgit opened marginally higher on Monday amid weak sentiment as traders reassessed their stance on the United States Federal Reserve (US Fed) possibly taking more time to reduce interest rates, an economist said.

At 8 am, the local note stood at 4.2150/2240 against the US dollar compared to last Friday’s close of 4.2155/2240.

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