Ringgit opens slightly lower against US$ as Fed leaves rate unchanged

KUALA LUMPUR: The ringgit opened a tad lower against the US dollar today after the US Federal Reserve (Fed) kept its benchmark interest rate unchanged. At 9 am, the ringgit opened at 4.7705/7775 against the greenback from Tuesday’s close of 4.7700/7750. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the Fed’s two-day Federal Open...

Ringgit unchanged vs greenback due to wait-and-see mode

KUALA LUMPUR: The ringgit ended flat against the US dollar on Monday as investors took the ‘wait-and-see’ approach ahead of the latest economic assessment by the United States (US) Federal Open Market Committee (FOMC) during its meeting on April 30 and May 1, said an analyst. At 6 pm, the ringgit was unchanged at 4.7650/7700 versus...