KUALA LUMPUR, Jan 27 ― The ringgit dipped against the US dollar today on buying support for the greenback following the United States Federal Reserve's decision to hold its key interest rate near zero, although it noted that the quantitative easing will end on schedule in March, an analyst said.
OANDA senior market analyst Edward Moya said the decision will pave the way for the Fed to raise interest rates in March.
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