Ringgit rises as Fed minutes signal US interest rate cuts ahead

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The Star 2h ago

Ringgit rises as Fed minutes signal US interest rate cuts ahead - The Star

Quick Summary:

KUALA LUMPUR: The ringgit ended higher against the US dollar on Wednesday, buoyed by the US Federal Reserve’s (Fed) latest meeting minutes, which were perceived as less hawkish than anticipated and kept the rate-cutting narrative alive.

The local note dipped against the Philippine peso to 7.56/7.57 from 7.55/7.56.

It gained versus the British pound to 5.5962/6044 from 5.6021/6071 and advanced against the euro to 4.6691/6759 from 4.6824/6866 yesterday.