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Ringgit closes lower alongside regional currencies

KUALA LUMPUR: The ringgit ended the week easier against the greenback, alongside regional currencies, as the US producer price index (PPI) data came in higher than expected, pushing back expectations of an interest rate cut in the US in June. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said that the Korean won, which depreciated by 0.91%, led the regional decline, followed by the ringgit, the Philippine peso, and the […]

today15 March 2024