Ringgit further strengthens against US dollar as Fed signals dovish stance on inflation

Merzsam Singkee
Thu, 20 Mar 2025 11:10:08 +0000
Business, Malaysia currency forecast, Malaysian economy, Malaysian ringgit outlook

MALAYSIA: The ringgit opened higher against the US dollar following the Federal Open Market Committee’s (FOMC) decision to maintain interest rates and slow the pace of its balance sheet runoff. The move, widely interpreted as a dovish shift, has boosted investor sentiment towards emerging market currencies, including the ringgit. According to Free Malaysia Today (FMT), …