KUALA LUMPUR, Jan 19 ― The ringgit weakened against the US dollar at the opening today over markets expectations that the Federal Reserve may raise interest rate, which would lend some support to the dollar, said an analyst.
Bank Islam Bhd chief economist Mohd Afzanizam Abdul Rashid said the sharp rise of the 10-year US Treasury note yield to 1.88 per cent has reinvigorated the view that the Fed is expected to raise its benchmark interest rate in March.
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