Ringgit up against most major currencies except US dollar in early trade

KUALA LUMPUR, Oct 13 — The ringgit traded higher against most major currencies except against the US dollar in the early session today as the greenback strengthened amid the...

KUALA LUMPUR, Oct 13 — The ringgit traded higher against most major currencies except against the US dollar in the early session today as the greenback strengthened amid the higher-than-expected US inflation data, said an analyst.It was reported that the US consumer price index increased 0.4 per cent in September and 3.7 per cent from a year ago, which were above respective forecasts of 0.3 per cent and 3.6 per cent.

“The Federal government looks on track to achieve its fiscal target of 5.0 per cent of gross domestic product in 2023; the first half of 2023 already reached 4.5 per cent. It depreciated against the Indonesian rupiah at 301.1/301.6 from 299.9/300.4 at Thursday’s close and inched down versus the Philippine peso to 8.32/8.34 from 8.31/8.32 previously. — Bernama

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