Money
Ringgit breaches 4.30 mark against US dollar in 20-month high
Friday, 13 Sep 2024 7:08 PM MYT
KUALA LUMPUR, Sept 13 — The ringgit breached the RM4.30 level today, hitting a 20-month high against the US dollar, as traders expect the United States Federal Reserve to cut interest rates between 25 and 50 basis points, said an economist.
At 6 pm, the local note appreciated to 4.2975/3050 versus the greenback from yesterday’s close of 4.3330/3370. — Bernama
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