KUALA LUMPUR: The ringgit opened slightly higher against the US dollar and other major currencies on the rising expectation that the US Federal Reserve (Fed) would not raise interest rates when it meets next week.
At 9.05 am, the local note climbed to 4.6720/6770 against the greenback from Monday’s close of 4.6725/6760.
"The forecasts will provide more insight into their future monetary policy direction for the near term and next year. While the Fed may also maintain its current stance, market sentiment remains uncertain this time,” he told Bernama.
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