PUTRAJAYA: Graft investigators have searched the house of FashionValet founders Datin Vivy Yusof and Datuk Fadzaruddin Shah Anuar and frozen several of their accounts with RM1.1mil in funds.
KUALA LUMPUR: The ringgit opened at the 4.38 level against the US dollar on Friday after the United States Fed eral Reserve cut interest rates by 25 basis points during its Fed eral Open Market Committee meeting last night.
Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid noted that the Fed Funds Rate currently ranges between 4.50 per cent and 4.75 per cent. He explained that the Fed's decision was made despite uncertainties surrounding President-elect Donald Trump's policies for next year, which are viewed as potentially inflationary.
Ringgit US Dollar Fed Rate Cut Interest Rate FOMC
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