KUALA LUMPUR: The ringgit extended last Friday’s weak sentiment and closed lower today as uncertainty surrounding the US currency faded, supporting the US dollar and leading to market expectations of another round of interest rate hikes in the United States.
SPI Asset Management managing director Stephen Innes said last week’s US data suggested that the US Federal Reserve would continue to be concerned about inflation and may hold interest rates at a higher level for a longer period.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: