KUALA LUMPUR: The ringgit ended weaker against the greenback on Friday as the US interest rate outlook remained cloudy and as US President Donald Trump ramped up his trade war with the world via more tariff announcements.
At 6pm, the local note fell to 4.2200/4.2250 against the greenback compared with Thursday’s close of 4.2085/4.2120.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said traders remained cautious due to the lack of clear guidance from the US Federal Reserve (Fed) on interest rates.
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