Ringgit ends lower vs greenback on possibility of US rate hike

 Latest Federal Open Market Committee minutes show that the possibility of an interest rate hike cannot be ruled out by the markets, says analyst.

KUALA LUMPUR:

 The ringgit ended lower against the greenback after the latest Federal Open Market Committee (FOMC) minutes signalled the possibility of an interest rate hike, said an economist.

At 6pm, the ringgit eased to 3.9045/3.9125 versus the greenback from Monday’s close of 3.8945/3.9055.

Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the latest FOMC minutes showed that the possibility of an interest rate hike cannot be ruled out by the markets. - FMT

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