Ringgit set to continue bullish bias versus US dollar next week
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The ringgit is expected to trade between 4.1875 and 4.2025 against the US dollar next week; SPI Asset Management's Stephen Innes attributes the ringgit's rise to the US Federal Reserve's recent 50 basis points rate cut, the first in four years; The ringgit has appreciated 12.67% against the US dollar over the past six months; The local currency closed at 4.2005/2070 on September 20, 2024, up from 4.2975/3050 the previous week; The ringgit also strengthened against the euro, British pound, Japanese yen, and various ASEAN currencies; Bank Negara governor Datuk Seri Abdul Rasheed Ghaffour noted that Malaysia's positive economic outlook and structural reforms are contributing to the ringgit's recovery.

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https://www.nst.com.my/business/economy/2024/09/1108982/ringgit-set-continue-bullish-bias-versus-us-dollar-next-week