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Ringgit declines to RM4.50 against greenback over US rate cuts

The ringgit ended lower against the US dollar on Thursday, continuing its decline after the United States Federal Reserve (Fed) signalled a more cautious approach to rate cuts next year, following a 25-basis-point reduction on Wednesday.

At 6pm, the local currency depreciated to 4.5030/5080 against the greenback, compared to Wednesday’s close of 4.4670/4725.


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