KUALA LUMPUR, April 2 — The ringgit ended lower against the US dollar as the greenback strengthened further, trading at a multi-month high after yesterday’s economic data pointing that a United States inflation was nudging higher, undoing June rate-cut predictions, said an analyst.
He noted that the worry about persistent inflation was compounded by existing supply chain disruptions, including those in the Red Sea and the recent shutdown of the Baltimore Port, along with the gradual increase in oil prices.
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