Ringgit looking up with US interest rate reversal
==========
The weaker US inflation and labour market data is leading to a repricing of rate cuts in the United States, which is providing a favourable backdrop for emerging market (EM) currencies like the ringgit. Currency analysts said the forex markets are now pricing in an interest rate cut by the US Federal Reserve (Fed) by September, which helped the ringgit to strengthen by some 400 points against the greenback this trading week to 4.667 at close yesterday – a six-month high. StanChart maintains its relative outperformance view of the ringgit within the regional forex complex.
#Fedratecuts #Emergingmarkets
https://www.thestar.com.my/business/business-news/2024/07/13/ringgit-looking-up-with-us-interest-rate-reversal
The Star Online /
npub1z0…ksx82
2024-07-12 22:30:09
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wss://relay.primal.netPublished at
2024-07-12 22:30:09Event JSON
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"content": "Ringgit looking up with US interest rate reversal\n==========\n\nThe weaker US inflation and labour market data is leading to a repricing of rate cuts in the United States, which is providing a favourable backdrop for emerging market (EM) currencies like the ringgit. Currency analysts said the forex markets are now pricing in an interest rate cut by the US Federal Reserve (Fed) by September, which helped the ringgit to strengthen by some 400 points against the greenback this trading week to 4.667 at close yesterday – a six-month high. StanChart maintains its relative outperformance view of the ringgit within the regional forex complex.\n\n#Fedratecuts #Emergingmarkets\n\nhttps://www.thestar.com.my/business/business-news/2024/07/13/ringgit-looking-up-with-us-interest-rate-reversal",
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