KUALA LUMPUR: The ringgit continued Tuesday's downtrend to be lower against the US dollar early Wednesday as the greenback strengthened on the possibility of another interest rate hike before the year-end, dealers said. At 9 am(0100gmt), the local unit depreciated to 4.2150/2190 from 4.2050/2080 recorded at 6 pm Tuesday. “But, we should also be wary of moving too gradually,” she was quoted as saying after the meeting. Against other major currencies, the ringgit was mostly lower except against the Japanese Yen as it rose to 3.7493/7539 Wednesday morning from 3.7649/7686 on Tuesday. The ringgit also decreased against the Euro to 4.9686/9746 from 4.9678/9722 on Tuesday, despite mounting worries over the political fallout in Germany and other euro zone countries.

Source: The Star September 27, 2017 02:48 UTC