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KUALA LUMPUR: The ringgit opened lower against the US dollar as financial markets eagerly awaited the United States Federal Open Market Committee (FOMC) decision later tonight.
The Federal Reserve decided again to refrain from hiking interest rates as the central bank evaluates its next steps amid this persistent bout of inflation.
There are a couple of good reasons behind another interest rate hike pause, despite the resilience of the U.S. economy and the elevated inflation.
KUALA LUMPUR: The ringgit opened higher against the US dollar and other major currencies on the first day of trading for the week.
Despite losses on the week, stocks remain up for the year with the S&P up 7% and Nasdaq up 21%.