Ringgit opens flat on expectation of more US rate hikes


KUALA LUMPUR: The ringgit opened barely changed against the US dollar on the expectation that the US Federal Reserve (Fed) will continue its tight monetary policy going forward.

At 9 am, the local currency rose marginally to 4.6460/6495 against the greenback from Monday’s close of 4.6470/6500, which was a fresh 24-year low against the US dollar.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Ringgit seen holding steady against US dollar next week
Oil posts biggest weekly gains in over a year
Dow ends at record high on easing economic worries
Chip sector in growth phase
Navigating global market landscape
It’s looking up for the ringgit
NDI a more realistic approach in addressing poverty
Gaining ground in the region
On edge, with cautious optimism
Much hinges on US polls

Others Also Read