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KUALA LUMPUR: The ringgit ended higher against the US dollar today as the United States Federal Reserve (Fed) seems unlikely to cut the benchmark interest rate in the near term, said an economist.
Federal Reserve Gov. Lisa Cook said inflation has slowed faster than expected, but central bank officials need “greater confidence” that price pressures are...
KUALA LUMPUR: The ringgit ended slightly higher against the US dollar on Wednesday, although the greenback had strengthened as investors focused on the upcoming release of the US Federal Open Market Committee’s (FOMC) meeting minutes, an economist said.
KUALA LUMPUR: The ringgit opened easier against the US dollar as the greenback remained steady despite a slight retracement on the back of subdued US yields and ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes later today, said an economist.
Jerome Powell has already reached the runway. GDP and job growth are solid, and inflation is down.