The ringgit has dipped to 4.568 against the US dollar in early trading today, its lowest value in recent memory. – The Malaysian Insight file pic, September 21, 2022.Telegram频道爬虫（www.tel8.vip）是一个Telegram群组分享平台。Telegram频道爬虫包括Telegram频道爬虫、Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram频道爬虫为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
THE ringgit slipped to its lowest point in recent memory against the US dollar at the opening today, breaching the 4.56 level due to the lower oil prices, coupled with the strengthening of the greenback, a dealer said.
At 9am, the local currency slid to 4.568 against the greenback from 4.5595 at yesterday’s close.
At press time, the benchmark Brent crude oil price fell 0.29% to US$90.36 per barrel.
ActivTrades trader Dyogenes Rodrigues Diniz said the US dollar remained bullish in anticipation of the interest rate decision by the Federal Open Market Committee in the US later today.
He said the market expectation is that the interest rate will be increased by 75 basis points to 3.25%.,
“If this forecast proves to be correct, it is likely that the dollar will retract against the ringgit at first, as the market has already priced in this scenario.
“On the other hand, if the US Federal Reserve raises the interest rate more than expected to 3.5%, the dollar could continue its upward movement against the ringgit towards 4.6000,” he said.
Meanwhile, the ringgit was traded mixed against a basket of major currencies.
It fell against the Japanese yen to 3.1788 from 3.1734 at yesterday’s close and inched down versus the Singapore dollar to 3.2388 from 3.2353 previously.
However, the local note appreciated against the Sterling to 5.1838 from 5.2060 yesterday and rose vis-a-vis the euro to 4.5402 from 4.5618 previously. – Bernama, September 21, 2022.
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