PETALING JAYA: The ringgit ended higher against the US dollar ahead of the two-day US Federal Open Market Committee (FOMC) meeting, says an analyst.
At 6pm yesterday, the ringgit rose to 4.7175/7205 versus the greenback from Monday’s close of 4.7210/7250.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit initially weakened to RM4.7250 against the greenback during the morning session but buying interest came in later in the day, leading the US dollar/ringgit pair to RM4.7200. — Bernama