Ringgit retreats to open easier ahead of US inflation readings
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The article discusses the retreat of the Ringgit currency in Malaysia ahead of US inflation readings. The Ringgit opened easier against the US dollar, with investors cautious about the potential impact of higher inflation in the US. The US inflation readings are expected to provide insights into the future direction of the Federal Reserve's monetary policy. The Ringgit's retreat reflects the market's anticipation of the US inflation data and its potential impact on the global financial markets. The article does not mention specific names, numbers, or dates.



https://www.nst.com.my/business/economy/2024/05/1050365/ringgit-retreats-open-easier-ahead-us-inflation-readings%C2%A0