Ringgit Gains Ground Against US Dollar Amid DXY Decline on Nostr: Ringgit Likely to Trend Around 4.77 to US Dollar =============== #edbf6f6a ver:1.02 ...
Ringgit Likely to Trend Around 4.77 to US Dollar
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#edbf6f6a ver:1.02
The Malaysian ringgit is likely to trend around 4.77 to the US dollar due to the strength of the greenback and diminishing expectations of interest rate cuts. The lower-than-expected US GDP data may have reignited hopes for an interest rate cut, but the Fed is expected to wait for more data before committing to a fully hawkish stance. The ringgit has been facing downward pressure against the US dollar and may continue to do so in the coming week. #Ringgit #USDollar #Forex...
#newstr #Ringgit #UsDollar #ExchangeRate #InterestRateCuts #FederalReserve #Fomc
https://here.news/story/edbf6f6a?ver=1.02
===============
#edbf6f6a ver:1.02
The Malaysian ringgit is likely to trend around 4.77 to the US dollar due to the strength of the greenback and diminishing expectations of interest rate cuts. The lower-than-expected US GDP data may have reignited hopes for an interest rate cut, but the Fed is expected to wait for more data before committing to a fully hawkish stance. The ringgit has been facing downward pressure against the US dollar and may continue to do so in the coming week. #Ringgit #USDollar #Forex...
#newstr #Ringgit #UsDollar #ExchangeRate #InterestRateCuts #FederalReserve #Fomc
https://here.news/story/edbf6f6a?ver=1.02