The recent higher-than-expected inflation rate in the United States increased the probability that the Federal Reserve will raise interest rates, causing the dollar index to rise. As of 12 noon on Wednesday, the ringgit was trading at 4.0720 against the US dollar.

The recent higher-than-expected inflation rate in the United States increased the probability that the Federal Reserve will raise interest rates, causing the dollar index to rise. As of 12 noon on Wednesday, the ringgit was trading at 4.0720 against the US dollar.

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