KUALA LUMPUR: The ringgit ended lower against the US dollar on Friday, as the greenback strengthened due to robust United States Manufacturing Purchasing Managers Index data, dampening expectations of a potential US interest rate cut, said an analyst.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said since the release of the Federal Open Market Committee minutes on Wednesday, the ringgit has been weaker against the US dollar. "This week, the ringgit experienced some form of correction as it appreciated quite steeply against the US dollar.
Ringgit Federal Reserve Mohd Afzanizam Abdul Rashid US Interest Rate
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