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KUALA LUMPUR: The ringgit ended lower against the US dollar today in tandem with most regional currencies as the US Federal Reserve (Fed) is likely to maintain its restrictive stance on interest rates for a protracted period.
KUALA LUMPUR: The ringgit ended almost unchanged against the US dollar today amid subdued demand as the US Dollar Index (DXY) maintained its high levels, an economist said.
The ringgit is expected to trade range-bound amid in a cautious mode, hovering around the RM4.76 level with an upside bias against the US dollar this week, said an analyst.
KUALA LUMPUR: The ringgit opened lower against the US dollar this morning, weighed down by robust US labour market data, said an analyst.
MOST Asian currencies posted weekly losses on Friday, as investors weighed shaky recovery in the world's second-largest economy and dwindling prospects of early interest rate cuts in the United States.