US dollar may be affected by anticipated US Federal Reserve interest rate cut next month

Lower-than-expected CPI data weakens greenback’s safe-haven status, expectations of September interest rate cut rises

KUALA LUMPUR, June 26 — The ringgit extended its gains against the greenback at the close on Wednesday, as United States (US) President Donald Trump ramped up pressure on the US Federal Reserve (US Fed) to cut interest rates.

JAKARTA, June 18 — Indonesia's central bank paused its easing cycle today, as expected, while urging commercial banks to reduce lending rates and boost credit growth to support the economy.

JAKARTA, May 19 — Bank Indonesia (BI) will resume its easing cycle on Wednesday with a quarter-point interest rate cut, a Reuters poll of economists found.

TOKYO, Nov 18 — The Bank of Japan (BOJ) will continue incremental interest rate hikes to align with the nation's economic and price improvements, its governor Kazuo Ueda said today, reported Xinhua.

HANOI, Oct 29 — Vietnam is expected to maintain a looser monetary policy, with interest rates projected to drop by 0.7 percentage points next year, reported Xinhua, quoting Vietnam News today.

BANGKOK, Oct 17 — The Bank of Thailand (BOT) will hold its key interest rate at 2.25 per cent at its final policy meeting for the year in December, following an unexpected 25-basis-point cut yesterday, according to economists in a Reuters snap poll.

KUALA LUMPUR, July 19 — The ringgit rebounded to open slightly higher against the US dollar on positive sentiment ahead of the release of Malaysia’s advance second quarter of 2024 (2Q 2024) gross domestic product (GDP) estimates today.

KUALA LUMPUR, March 7 —Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the Overnight Policy Rate (OPR) at 3.00 per cent at its meeting today.

WASHINGTON, March 7 — US Federal Reserve Chair Jerome Powell on Wednesday reiterated that the central bank is not ready to start cutting interest rates, noting that he needs to see a little bit more data before taking any action, reported Xinhua.

HANOI, Feb.

KUALA LUMPUR, Nov 2 — Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) decided to maintain the Overnight Policy Rate (OPR) at 3.00 per cent during its last meeting of the year today.

ATHENS, Oct 26 — The European Central Bank (ECB) meets on Thursday to decide whether to raise interest rates after 10 consecutive rate hikes.

SINGAPORE, Oct 11— Singapore's economic growth in the third quarter is expected to remain sluggish as the central bank seeks to balance the task of containing inflation and shoring up the slowing post-pandemic recovery.

ANKARA, Sept 21 — Oil prices declined more than one per cent on Thursday over demand concerns as the US Federal Reserve (US Fed) held its key interest rate steady and forecast fewer cuts next year, reported Anadolu.

JAKARTA, Sept 20 — Bank Indonesia (BI) will keep its key interest rate unchanged at 5.75 per cent on Thursday (September 21), and for the rest of the year to maintain the stability of the rupiah currency, similar to most of its Asian peers, as inflation continues to ease, a Reuters poll found.

KUALA LUMPUR, Sept 12 — The ringgit opened slightly higher against the US dollar and other major currencies on the rising expectation that the US Federal Reserve (Fed) would not raise interest rates when it meets next week.

KUALA LUMPUR, July 27 — The US Federal Reserve (Fed) is nearing the end of its tightening cycle after it raised the Fed funds rate (FFR) by an additional 25 basis points (bps) to a range of 5.25 per cent to 5.50 per cent, the highest in 22 years, MIDF Research said.

KUALA LUMPUR, July 4 — Malaysia's central bank will leave its key interest rate unchanged at 3.00 per cent on Thursday (July 6), and keep it there for the rest of the year, marking the end of its modest tightening cycle as inflation has shown signs of cooling, a Reuters poll found.