KUALA LUMPUR: The ringgit extended its upward momentum to open higher against the US dollar and other major currencies on Wednesday, after the United States (US) Federal Reserve (Fed) signalled it was in no hurry to cut interest rates, opting instead to monitor the economy’s trajectory, an analyst said.
At 8 am, the local note strengthened to 4.2350/2450 versus the greenback, compared with Tuesday’s close of 4.2410/2465.
