Ringgit ends lower against US$ on expectation aggressive US monetary policy will continue


KUALA LUMPUR: The ringgit extended its downtrend against the US dollar at the close on Wednesday, along with other regional currencies, as the US Federal Reserve (Fed) pledged to continue with its aggressive monetary policy to fight inflation.

At 6 pm, the local currency slipped to 4.6285/6310 against the greenback from yesterday’s close of 4.6100/6120.

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