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KUALA LUMPUR, Dec 19 — The ringgit failed to sustain earlier gains to end the day in bearish mode against the greenback as the mood turned sour with key US data and inflation...
KUALA LUMPUR: The ringgit failed to sustain earlier gains to end the day in bearish mode against the greenback as the mood turned sour with key US data and inflation figures from major economies back in focus.
Greenback emerges stronger with expectation of more tightening by Federal Reserve.
However, the ringgit is higher against a basket of other major currencies.
KUALA LUMPUR, Jan 19 ― The ringgit weakened against the US dollar at the opening today over markets expectations that the Federal Reserve (Fed) may raise interest rate, which would lend some support to the dollar, said an analyst. At 9.01am, the local currency was trading at 4.1925/1960 against...