From Malay Mail · · 50s
Ringgit dips on Fed rate hike but strengthens against euro, yen, pound
Malaysian ringgit weakens against dollar but gains on euro, yen and pound after Fed rate hike
In brief
Malaysian ringgit weakens against dollar but gains on euro, yen and pound after Fed rate hike Ringgit closed mixed against major currencies following US Fed rate decision Originally reported by Malay Mail.
Fed rate hike impact
Ringgit closed mixed against major currencies after US Federal Reserve raised rates to 3.75-4.00%.
Ringgit vs dollar
Ringgit fell to 4.0965/1010 against dollar from 4.0835/0880 the previous day.
Ringgit vs euro
Ringgit rose to 4.7003/7055 against euro from 4.7111/7163 the previous day.
Ringgit vs yen
Ringgit rose to 2.6305/6336 against yen from 2.6366/6396 the previous day.
Ringgit vs pound
Ringgit advanced to 5.4877/4937 against pound from 5.5037/5098 the previous day.
Market expectations
Analysts expect Bank of Japan to raise rates by 25 basis points as markets digest Fed's move.
What it means
Ringgit closed mixed against major currencies following US Fed rate decision
