KUALA LUMPUR: The ringgit opened slightly lower against the greenback on a lack of buying interest despite a 50 basis points US interest rate cut decision by the US Federal Reserve (Fed).
At 8.05 am, the local note eased to 4.2430/2600 versus the greenback from Wednesday's close of 4.2410/2460.
At last night's Federal Open Market Committee (FOMC) meeting, the Fed made a move to reduce the interest rate from 5.25 per cent - 5.50 per cent to 4.75 per cent - 5.00 per cent, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid.
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....