Ringgit weakens v dollar at close
The ringgit has closed lower against the US dollar, extending last Friday’s weak sentiment as uncertainty surrounding the greenback fades, leading to market expectation of another round of interest rate hikes by US Federal Reserves. – The Malaysian Insight file pic, April 17, 2023.
At 6pm, the local note depreciated to 4.4200/4250 versus the greenback from Friday’s closing rate of 4.4000/4025.
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