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KUALA LUMPUR: The ringgit rebounded to open marginally higher against the US dollar amid a volatile market on unclear direction of a possibility of interest rate cut, an economist said.
Timing of US Federal Reserve rate cut primarily drives risk-off sentiment.
KUALA LUMPUR: The ringgit ended lower against the US dollar as the first rate cut by the United States (US) Federal Reserve (Fed) is seen to be the primary driver for the risk-off sentiment.
KUALA LUMPUR: The ringgit ended lower against the US dollar for the third consecutive day in line with other regional currencies after the United States (US) Federal Reserve (Fed) governor Christopher Waller said the Fed is in no hurry to cut rates.
KUALA LUMPUR, Jan 16 — The ringgit extended its decline to close lower against the US dollar today as investors assess the timing and pace of the United States (US) Federal...