Ringgit Expected to Strengthen in 2024, Analysts Say on Nostr: Ringgit Strengthens as US Interest Rate Reversal Boosts Emerging Market Currencies ...

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