Ringgit opens higher against major currencies, flat vs greenback
KUALA LUMPUR: The ringgit opened higher against major currencies but remained flat against the US dollar amid renewed expectations of a possible US Federal Reserve (Fed) interest rate hike following stronger-than-expected inflation data. At 8 am, the local currency traded at 4.0540/0590 against the greenback, unchanged from Tuesday’s close of 4.0540/0580. Bank Muamalat Malaysia Bhd…