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The greenback continued to be lifted as investors anticipated further monetary tightening by the US Federal Reserve, says analyst.
The ringgit fell slightly against the US dollar to 4.0845/4.0890, while it strengthened against the euro and pound but weakened against the yen. Market expectations focus on a potential 25‑basis‑point Fed rate hike in December.
Summarised automatically by AI from the original article by Free Malaysia Today. AI can make mistakes, so check the original for details.
Also reported by Malay Mail , The Sun
KUALA LUMPUR: The ringgit ended mostly higher against major currencies but eased against the US dollar on Friday as the greenback continued its upward momentum on a hawkish US interest rate outlook.
The market is expecting a sizeable interest rate hike by the US Federal Reserve in December.
At 6pm, the local currency depreciated to 4.0845/4.0890 against the greenback from 4.0765/4.0805 at Thursday's close.
6 stories on this topic from 4 sources, oldest first.
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