Ringgit Gains Ground Against US Dollar Amid DXY Decline
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#edbf6f6a ver:0.94

The ringgit has shown signs of improvement against the US dollar as the DXY index declines. On Friday, the ringgit improved to 4.7750/7785 against the US dollar, compared to the previous closing of 4.7810/7855. This positive movement is in line with other regional currencies such as the Indonesian rupiah, Philippine peso, Korean won, and the Indian rupee, which have also appreciated against the greenback. The market remains cautious due to the US Federal Reserve's hawkish assessment of the US economy. Investors will closely monitor the US Personal Consumption Expenditures (PCE) numbers, as well as key US economic data such as the gross domestic product (GDP) and the core PCE reading, which could influence the Fed's forward guidance. The recent easing of tensions in the Middle East has also...

#newstr #Ringgit #UsDollar #Dxy #ForeignExchange #Economy 

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