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Ringgit extends rally against US dollar as traders reassess Fed rate hike prospects

KUALA LUMPUR: The ringgit extended its gains to close higher against the US dollar on Friday as traders reassessed the possibility of an interest rate hike by the US Federal Reserve (Fed), an analyst said.

The Star MalaysiaThe Star查看原文 ↗
交易员重新评估美联储加息前景,令吉兑美元汇率延续涨势。

KUALA LUMPUR: The ringgit extended its gains to close higher against the US dollar on Friday as traders reassessed the possibility of an interest rate hike by the US Federal Reserve (Fed), an analyst said.

The Fed decided to keep the benchmark interest rate steady at 3.75 per cent to 4.00 per cent on Oct 28.

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