Ringgit stages small rebound boosted by US Fed rate cut prospects
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The ringgit has experienced a small rebound due to prospects of a US Federal Reserve rate cut. The currency's recovery was supported by expectations that the Fed would lower interest rates, which would weaken the US dollar. The ringgit's rebound comes after a period of decline against the US dollar. The US Federal Reserve is expected to announce its decision on interest rates in the coming months. The ringgit's performance is closely tied to global economic factors, particularly the US dollar.

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https://www.nst.com.my/business/economy/2024/05/1052813/ringgit-stages-small-rebound-boosted-us-fed-rate-cut-prospects