Ringgit slides against euro, yen and pound as greenback gains momentum
KUALA LUMPUR, Sept 15 — The ringgit ended lower against the US dollar on Tuesday as investors remained cautious ah...
The ringgit experienced a decline against the US dollar, euro, yen, and British pound on Tuesday, while gaining momentum against other currencies. At 6pm, the local currency fell to 4.0835/0880 against the greenback, down from Monday's close of 4.0735/0770. Analysts attribute this drop to caution among investors ahead of the two-day US Federal Open Market Committee (FOMC) meeting, with a high probability of a US rate hike this week.
The US Dollar Index (DXY) rose 0.25 per cent, while the 10-year US Treasury note yield surpassed the 5.00 per cent level. Other Asian currencies also weakened against the US dollar.
Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
