The Malaysian ringgit trades slightly lower against the US dollar as investors look ahead to upcoming US inflation data and reassess expectations for the Federal Reserve’s policy path. In one report, the ringgit eases to around 4.0685–4.0750 per US dollar, with stronger US consumer price index figures supporting expectations of “higher-for-longer” interest rates. Another outlet also notes a weaker ringgit, quoting a range of 4.0600–4.0640 per dollar, citing cautious market sentiment as traders wait for the release of US CPI. Taken together, the coverage points to US inflation data as the main driver of near-term currency moves: firmer inflation reading expectations tend to strengthen the dollar relative to the ringgit, while uncertainty ahead of the data contributes to slower or cautious trading. The reported figures indicate modest day-to-day depreciation rather than a major shift, with the exchange rate remaining close to the mid-4.0 level against the dollar.
Ringgit edges lower versus US dollar ahead of US inflation data
The Malaysian ringgit trades slightly lower against the US dollar as investors look ahead to upcoming US inflation data and reassess expectations for the Federal Reserve’s policy path. In one report,...
- The ringgit trades lower against the US dollar in the reported period.
- One quoted rate range is 4.0685–4.0750 per US dollar; another is 4.0600–4.0640.
- US inflation (CPI) data is a key factor influencing market expectations.
- Stronger or expected higher US inflation supports expectations for higher-for-longer Fed interest rates.
- Investors adopt a cautious stance ahead of the US CPI release.
The local note slips to 4.0685/4.0750 as stronger CPI data reinforces higher-for-longer rate expectations.
7 hours agoThe local note depreciates to 4.0600/4.0640 amid cautious sentiment as investors await US CPI release.
1 day ago
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