Ringgit stays at two-month high versus greenback on expectation of slower US interest rate hike

Ringgit stays at two-month high versus greenback on expectation of slower US interest rate hike

14 days ago

KUALA LUMPUR - The ringgit held steady and climbed to an over two-month high against the greenback on continued optimism that the US will slow down interest rate hikes going forward amid a smooth government transition in Malaysia. At 6 pm, the local note further strengthened to 4.4795/4890 against the US dollar from Thursday’s close of 4.4910/5000. Inflation in the US eased to 7.7 per cent in October from 8.2 per cent in September, fuelling hopes for a 50 basis points rate hike in D...

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