Ringgit slightly lower against dollar in early trade
The ringgit trades slightly lower against the US dollar in the early session today. – The Malaysian Insight file pic, March 24, 2023.
At 9.30am, the local note inched down to 4.4220/4260 versus the greenback compared with yesterday’s closing rate of 4.4160/4200. “Normally a currency rises together with the interest rate of the issuing country. However, the latest hike in the US was widely expected and comments from Federal Reserve officials seem to now be hinting at a less tight monetary policy.
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