Ringgit opens lower against dollar
The local note opens at 4.6835/6895 versus the greenback today compared to 4.6705/6740 at Wednesday’s close. – The Malaysian Insight file pic, June 30, 2023.
The US weekly initial jobless claims data that ended June 24 fell to 239,000 new claims, beating analysts’ estimates of 265,000 while its GDP was revised upward to 2%, from 1.3% previously, beating expectations for a slim gain of 1.4%, dealers said. “However, with US Federal Reserve chairman Jerome Powell talking tough on inflation last Wednesday, hinting at multiple interest rate increases ahead and possibly at an aggressive pace, the dollar is clawing back lost ground from earlier this week.
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