Ringgit breaches 4.30 mark against greenback, hits 20-month high

The ringgit breached the RM4.30 level today, hitting a 20-month high against the US dollar, as traders expect the United States Federal Reserve (Fed) to cut interest rates between 25 and 50 basis points, said an economist.

At 6pm, the local note appreciated to 4.2975/3050 versus the greenback from yesterday’s close of 4.3330/3370...