Ringgit Strengthens as US Interest Rate Reversal Boosts Emerging Market Currencies
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#e283bda6 ver:0.74
The #ringgit strengthens against the US dollar as US interest rate reversal boosts emerging market currencies. Repricing of rate cuts in the US has created a favorable environment for the ringgit, reaching a six-month high. Forex markets now price in a US Fed interest rate cut by September, contributing to the ringgit's recent gains. #currency #economy...
#newstr #Ringgit #UsInterestRateReversal #EmergingMarkets #Currency
https://here.news/story/e283bda6?ver=0.74
Ringgit Expected to Strengthen in 2024, Analysts Say /
npub18f…hqwmt
2024-07-12 22:00:13
Author Public Key
npub18flgef8h36z5d6jp27wrk66v4rddtjq498ewyymq3x2696nw8lasshqwmtPublished at
2024-07-12 22:00:13Event JSON
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"content": "Ringgit Strengthens as US Interest Rate Reversal Boosts Emerging Market Currencies\n===============\t\n#e283bda6 ver:0.74\n\nThe #ringgit strengthens against the US dollar as US interest rate reversal boosts emerging market currencies. Repricing of rate cuts in the US has created a favorable environment for the ringgit, reaching a six-month high. Forex markets now price in a US Fed interest rate cut by September, contributing to the ringgit's recent gains. #currency #economy...\n\n#newstr #Ringgit #UsInterestRateReversal #EmergingMarkets #Currency \n\n https://here.news/story/e283bda6?ver=0.74",
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