KUALA LUMPUR, Sept 14 — The ringgit opened higher against the greenback as the latest US inflation data strengthened hopes that the US Federal Reserve (Fed) would hold interest...
KUALA LUMPUR, Sept 14 — The ringgit opened higher against the greenback as the latest US inflation data strengthened hopes that the US Federal Reserve would hold interest rates.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid noted that the US “core inflation rate matched the consensus forecast of 4.3 per cent and was lower than the previous month’s 4.7 per cent.” “However, the US headline inflation for August was higher than expected at 3.7 per cent year-on-year, up from the previous month’s 3.2 per cent, surpassing the consensus estimate of 3.6 per cent,” he told Bernama.
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