Traders anticipate the committee to maintain current interest rates, says analyst.
KUALA LUMPUR: The ringgit ended higher against the US dollar today ahead of the Federal Open Market Committee interest rate decision which is due later tonight.
“Selling the dollar might sound counterintuitive as there has been an overabundance of hawkish US Federal Reserve lean in the media. “Hence if anything, the tail risk is for the US dollar to weaken if the Fed does not meet hawkish forward expectations,” he told Bernama.
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