KUALA LUMPUR: The ringgit closed easier against the US dollar on higher demand for the greenback as the US 10-year bond yields reached new highs, said an analyst.
“The Federal Open Market Committee in the US surprised markets with a hawkish stance, setting higher expectations for rate increases in the coming year. The US Congress is supposed to agree on the spending bill by end-September, which otherwise could result in a government shutdown, he said.
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