Ringgit rises as Fed signals interest rate cuts

Quick Summary:

The ringgit ended higher against the US dollar yesterday, 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.

Magma posts net loss of RM2.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: RateCutExpectations USDFedMinutes Forex CurrencyMarket RinggitAppreciation /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 00:00:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 138 words

Reading Time: 1 minutes read

Sentences: 7 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23909146

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 35 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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