Ringgit stays at 2-month high versus greenback

The ringgit held steady and climbed to an over two-month high against the greenback on continued optimism that the US will slow down interest rate hikes going forward amid a smooth government transition in Malaysia.

At 6pm, the local note further strengthened to 4.4795/4890 against the US dollar from yesterday’s close of 4.4910/5000.

Inflation in the US eased to...