BNM says this is driven by softer US outlook, policy uncertainties, and ongoing govt efforts
Investors cautious ahead of Q2 GDP release, stronger greenback
US dollar may be affected by anticipated US Federal Reserve interest rate cut next month
Investors cautious amid speculation over Washington interest rate cut
Lower-than-expected CPI data weakens greenback’s safe-haven status, expectations of September interest rate cut rises
Local note extends uptrend versus greenback but trades lower against major currencies
Analyst projects that US Federal Reserve may reconsider cutting Federal Funds Rate at US FOMC meet next month due to higher-than-expected July readings
Local note also climbs against major currencies, expected to trade between RM4.23 and RM4.25 today
But analyst says Trump’s unpredictability continues to fuel market uncertainty
Trump’s proposed chips, pharmaceutical tariffs may dampen risk assets sentiment as investors track pressure on BRICS
Mixed signals from US Fed also affected market sentiment, says analyst
This also comes on the back of increased jobless claims in America
US tariff likely to take a toll on US economy, necessitating US Federal Reserve reducing Fed Fund Rate to provide economic support
Rate cut likely at FOMC meeting in September, says economist
Officials' comments will shape traders, investors expectations for September interest rate cut.
Weaker-than-expected PMI info from Washington boosts expectations of Fed rate cut
Markets keeping eye on US Fed's view of how interest rates will evolve in coming months.
Reforms necessary for stable currency amid global shocks, volatility, says Abdul Rasheed.
Weak labour market data from Washington bolsters odds of reduced interests.
Economist says the American labour market has weakened, allowing the ringgit to gain strength.
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