KUALA LUMPUR, July 18 — The ringgit closed lower against the US dollar today as the greenback benefitted from expectations that the US Federal Reserve might raise interest rates by 0.75 percentage point at its July 26-27 Federal Open Market Committee meeting than a full percentage point, said an analyst.
SPI Asset Management managing partner Stephen Innes said there was a further downside risk for the currency market due to reports of new Covid-19 infections in China.
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