Ringgit ends lower against greenback
The ringgit eases to 4.6030/6060 against the US dollar from Friday’s close of 4.5970/6035. – The Malaysian Insight file pic, May 29, 2023.
At 6pm, the local note eased to 4.6030/6060 against the US dollar from Friday’s close of 4.5970/6035. The US dollar is still holding steady on expectations of another interest rate hike in the United States next month. If approved, it would allow the US government to borrow money until well after the next presidential election due in November 2024, according to a BBC report.
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