Ringgit Expected to Remain Steady Against USD Amid US Fed Interest Rate Cut Expectations
AI Summary1 min read
TL;DR
The ringgit is expected to stay stable against the US dollar, trading between 4.10-4.12, as markets anticipate a 25-basis-point Fed rate cut. It strengthened weekly against the dollar and most ASEAN currencies, except the Thai baht.
The ringgit is expected to remain steady and trade within 4.10-4.12 against the US dollar next week due to market expectations of a 25-basis-point interest rate cut by the US Federal Reserve. The currency strengthened against the greenback on a weekly basis and traded higher against most ASEAN peers, except the Thai baht.
