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Ringgit opens marginally higher against US$ amid Fed hikes

The Star Business LogoThe Star Business1 mo ago

Ringgit opens marginally higher against US$ amid Fed hikes

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KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today despite fragile market sentiments over expectations of an aggressive monetary tightening by the United States Federal Reserve (Fed) that would take a toll on the economy, a dealer said.

It, however, depreciated against the British pound to 5.3951/4006 from 5.3864/3901 previously.

World 15h ago Economic Watch: More struggles ahead as U.S.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: US dollar Monetary tightening Ringgit FOMC Fed Forex /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-21, 10:13:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 2 minutes read

Article Length: 305 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 1485

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 37 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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