Ringgit opens slightly higher against US$ as Fed mulls interest rate cuts

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar at opening trade as the US Federal Reserve (Fed) does not seem inclined to reduce rates in the near term, said an analyst.

At 8 am, the ringgit strengthened to 4.4230/4375 against the greenback compared to Thursday’s close of 4.4320/4385.