Ringgit Bounces To 4.68 Against Greenback As Hope For U.S. Rate Cut Rises

Closeup of Malaysia Ringgit currency notes and coins

The ringgit bounced to 4.6800 versus the greenback at the opening today, a level last seen two months ago, as lower-than-expected US inflation data boosted hopes for an earlier interest rate cut in the United States.

At 9am, the ringgit strengthened to 4.6800/6850 against the greenback from Wednesday’s closing of 4.7050/7075.

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