Ringgit opens lower against US$ on weaker global growth outlook

At 9.01 am, the local note decreased to 4.5640/5695 against the US dollar.

At 9.01 am, the local note decreased to 4.5640/5695 against the greenback compared with 4.5575/5625 at Mondays’ close.

"Meanwhile, United States Federal Reserve officials' statement implies that the Fed Fund Rate will likely remain high in the short term, but there is a chance of a rate cut next year if inflation continues to ease. It dropped vis-a-vis the British pound to 5.8287/8357 from 5.7971/8035 on Monday’s close and fell against the euro to 5.0158/0219 from 4.9978/0032.The local unit was traded mixed against other Asean currencies.

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staronline /  🏆 4. in MY

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