Ringgit continues to depreciate vs US dollar

Business & Finance
17 Feb 2023 • 9:43 AM MYT
Sinar Daily
Sinar Daily

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The ringgit has continued to weaken against the US dollar this morning as buying interest for the greenback increased. - Photo: 123RF

The greenback had strengthened on the back of the improved United States (US) Producer Price Index and renewed speculations that the US Federal Reserve will tighten interest rates growth quicker than expected, said analysts.

At 9 am, the ringgit fell to 4.4245/4290 versus the greenback from Thursday’s closing of 4.4020/4060. - BERNAMA

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