KUALA LUMPUR: The ringgit opened higher against the US dollar on Friday amid a higher-than-expected inflation print in the United States.
At 8.04 am, the local currency strengthened to 4.2820/2920 against the greenback, compared to Thursday’s close of 4.2910/2940
The US headline inflation came in at 2.4 per cent year-on-year in September against consensus estimates of 2.3 per cent. Similarly, core inflation rose by 3.3 per cent in September against consensus estimates of 3.2 per cent.
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