Ringgit Falls as Fed Officials Dampen Rate Cut Hopes
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#e283bda6 ver:0.34

The ringgit has fallen against the US dollar as Fed officials suggest a rate cut may not be imminent, dampening hopes and decreasing demand. However, the positive outlook for the ringgit remains intact, with expectations of rate cuts and stable domestic indicators driving Asian currency strength. Bank Negara Malaysia defends the ringgit's assessment, highlighting its strength against other currencies. Malaysia's strong economic fundamentals and positive investor sentiment support the ringgit's resilience. BNM assures no capital controls or restrictions are being considered, monitoring the situation for stability. #Ringgit #Fed #RateCut #Currency #Economy...

#newstr #Ringgit #FederalReserve #RateCut #MonetaryPolicy #InvestorSentiment 

 https://here.news/story/e283bda6?ver=0.34