SPI Asset Management's Innes said the ringgit is under pressure mainly because of concerns the US Federal Reserve might keep interest rates higher for longer.
KUALA LUMPUR: The ringgit slipped 0.01% against the US dollar at the close, as the local note continued trading on the defensive yesterday, which offered some technical comfort for the ringgit.
At 6pm, the local note was traded at 4.2400/2490 from 4.2395/2440 at Wednesday’s close.
