Ringgit slips as strong US dollar weighs on demand

The ringgit fell at today’s opening as the US dollar strengthened following Federal Reserve meeting minutes highlighting growing concerns about inflation.

At 9am, the ringgit depreciated to 4.7100/7130 against the greenback from Tuesday’s close of 4.6950/6985.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said...