KUALA LUMPUR, Nov 11 — The ringgit ended mostly higher on Wednesday against major and regional currencies but eased against the greenback amid renewed expectations of a hike in US interest rates.
This comes following stronger-than-expected US inflation data.
At 6pm, the local currency fell to 4.0710/0745 against the greenback from 4.0540/0580 at Tuesday’s close.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit fell by almost 0.45 per cent against the greenback today as stronger-than-expected US inflation fuelled expectations of a rate hike in December.
