Ringgit falls, comments by Fed officials dampen rate cut hopes
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The article discusses the fall of the ringgit and the impact of comments made by Federal Reserve (Fed) officials on rate cut hopes. The ringgit has weakened against the US dollar due to concerns over the Fed's monetary policy. Fed officials have made comments suggesting that a rate cut may not be imminent, which has dampened hopes of a rate cut. This has led to a decline in investor sentiment and a decrease in demand for the ringgit. The article also mentions that the ringgit's performance is influenced by various factors such as global economic conditions, oil prices, and geopolitical tensions. The author highlights the importance of monitoring the statements and actions of Fed officials as they can have a significant impact on currency markets.

#Ringgit #FederalReserve #RateCut #MonetaryPolicy #InvestorSentiment

https://www.nst.com.my/business/economy/2024/05/1053311/ringgit-falls-comments-fed-officials-dampen-rate-cut-hopes