Ringgit Expected to Strengthen in 2024, Analysts Say on Nostr: Ringgit Strengthens Against US Dollar on Improved Sentiment and Expectations of Fed ...
Ringgit Strengthens Against US Dollar on Improved Sentiment and Expectations of Fed Rate Cut
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#e283bda6 ver:0.68
The ringgit strengthens against the US dollar on improved sentiment and expectations of a Fed rate cut. The US dollar is supported by better-than-expected Nonfarm Payrolls data, but weaker US economic data and the anticipation of a rate cut lead to the ringgit's appreciation. The ringgit also trades higher against other major currencies. The US Consumer Price Index will be closely watched for inflation data. #Ringgit #USDollar #FedRateCut #EconomicData...
#newstr #Ringgit #UsDollar #Sentiment #InterestRates #FederalReserve #BankNegaraMalaysia #OvernightPolicyRate #Currencies #Inflation
https://here.news/story/e283bda6?ver=0.68
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#e283bda6 ver:0.68
The ringgit strengthens against the US dollar on improved sentiment and expectations of a Fed rate cut. The US dollar is supported by better-than-expected Nonfarm Payrolls data, but weaker US economic data and the anticipation of a rate cut lead to the ringgit's appreciation. The ringgit also trades higher against other major currencies. The US Consumer Price Index will be closely watched for inflation data. #Ringgit #USDollar #FedRateCut #EconomicData...
#newstr #Ringgit #UsDollar #Sentiment #InterestRates #FederalReserve #BankNegaraMalaysia #OvernightPolicyRate #Currencies #Inflation
https://here.news/story/e283bda6?ver=0.68