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Speculation increased about a possible sooner-than-expected exit from the Bank of Japan's ultra-loose policy, but the central bank will most likely keep interest rates ultra-low on Friday and reassure markets that monetary stimulus will stay for the time being amid economic uncertainty.
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar this morning due to mild demand for the domestic note.
KUALA LUMPUR: The ringgit ended higher against the US dollar today ahead of the US Federal Open Market Committee (FOMC) interest rate decision due later tonight.
Disagreements make a market, but any long-term individual investor who reacts to Wednesday's Fed news is worrying about the wrong disagreements.
Investors are waiting on the FOMC to announce what appears to be a forgone conclusion on interest rates.