Ringgit Falls as Fed Officials Dampen Rate Cut Hopes
===============
#e283bda6 ver:0.34
The ringgit has fallen against the US dollar as Fed officials suggest a rate cut may not be imminent, dampening hopes and decreasing demand. However, the positive outlook for the ringgit remains intact, with expectations of rate cuts and stable domestic indicators driving Asian currency strength. Bank Negara Malaysia defends the ringgit's assessment, highlighting its strength against other currencies. Malaysia's strong economic fundamentals and positive investor sentiment support the ringgit's resilience. BNM assures no capital controls or restrictions are being considered, monitoring the situation for stability. #Ringgit #Fed #RateCut #Currency #Economy...
#newstr #Ringgit #FederalReserve #RateCut #MonetaryPolicy #InvestorSentiment
https://here.news/story/e283bda6?ver=0.34
Ringgit Expected to Strengthen in 2024, Analysts Say /
npub18f…hqwmt
2024-05-21 01:59:17
Author Public Key
npub18flgef8h36z5d6jp27wrk66v4rddtjq498ewyymq3x2696nw8lasshqwmtPublished at
2024-05-21 01:59:17Event JSON
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"content": "Ringgit Falls as Fed Officials Dampen Rate Cut Hopes\n===============\t\n#e283bda6 ver:0.34\n\nThe ringgit has fallen against the US dollar as Fed officials suggest a rate cut may not be imminent, dampening hopes and decreasing demand. However, the positive outlook for the ringgit remains intact, with expectations of rate cuts and stable domestic indicators driving Asian currency strength. Bank Negara Malaysia defends the ringgit's assessment, highlighting its strength against other currencies. Malaysia's strong economic fundamentals and positive investor sentiment support the ringgit's resilience. BNM assures no capital controls or restrictions are being considered, monitoring the situation for stability. #Ringgit #Fed #RateCut #Currency #Economy...\n\n#newstr #Ringgit #FederalReserve #RateCut #MonetaryPolicy #InvestorSentiment \n\n https://here.news/story/e283bda6?ver=0.34",
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