KUALA LUMPUR, April 29 — The ringgit ended higher against other major currencies today on positive momentum as investors await the US Federal Reserve’s (Fed) decision on interest rates. At 6 pm, the local unit rose to 4.3450/3500 versus the greenback from 4.3610/3680 recorded at...
The Fed is expected to announce its interest rate decision at 2am, Malaysian time— Reuters pic
At 6 pm, the local unit rose to 4.3450/3500 versus the greenback from 4.3610/3680 recorded at Tuesday’s close. “Supply has more than peaked, which from a fundamental perspective, should provide some semblance of comfort for the ringgit,” he said.
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