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

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

Markets keeping eye on US Fed's view of how interest rates will evolve in coming months.

KUALA LUMPUR, July 30 — The ringgit reversed its morning gains to close slightly lower against the United States (US) dollar today, as traders turned cautious ahead of the US Federal Reserve's (US Fed) interest rate decision, amid uncertainty over a potential cut.

KUALA LUMPUR, July 29 — The ringgit ended lower against the United States (US) dollar today as market traders await the outcome of the US Federal Open Market Committee (FOMC) meeting.

KUALA LUMPUR, July 26 — The ringgit is expected to hover between RM4.22 and RM4.24 next week as the US Federal Reserve (US Fed) is anticipated to maintain its policy rate.

KUALA LUMPUR, July 19 — The ringgit is expected to hover around RM4.24 to RM4.26 next week amid mixed signals in the market.

KUALA LUMPUR, July 16 — The ringgit opened lower against the United States (US) dollar today as the greenback strengthened on waning hopes of an interest rate cut this month by the US.

KUALA LUMPUR, June 19 — The ringgit continued to end lower against the greenback on Wednesday, weighed down by emerging concerns over the global financial outlook.

KUALA LUMPUR, June 18 — The ringgit ended lower against the greenback today ahead of a decision on US interest rates later today and as the war between Israel and Iran continued to escalate.

KUALA LUMPUR, June 14 — The ringgit is expected to trade within a narrow range next week, as investors remain cautious amid ongoing global inflation concerns.

KUALA LUMPUR, June 5 — The ringgit opens marginally higher against the United States (US) dollar on Thursday, amid weaker-than-expected US economic data and tariff uncertainties, an analyst said.

KUALA LUMPUR, May 29 — The ringgit opened lower against the United States (US) dollar on Thursday, as expectations dimmed for a near-term rate cut by the US Federal Reserve (US Fed).

KUALA LUMPUR, May 8 — The ringgit closed lower against the US dollar on Thursday as confidence in the greenback is deemed to have returned.

KUALA LUMPUR, March 21 — The ringgit ended higher against the US dollar on improved sentiment towards the local currency.

KUALA LUMPUR, March 17 — The ringgit closed easier on Monday as traders and investors remain guarded ahead of the two-day United States (US) Federal Open Market Committee (FOMC) meeting which will begin tomorrow.

KUALA LUMPUR, March 3 — The ringgit is expected to rise against the United States (US) dollar this year, averaging at RM4.23 against the greenback but at a slower pace due to evolving US monetary policy, according to MIDF Amanah Investment Bank Bhd.

KUALA LUMPUR, Feb 17 — The ringgit ended higher against the United States (US) dollar, fueled by continued expectation that the US Federal Reserve (US Fed) will cut interest rates.

KUALA LUMPUR, Jan 11 — The ringgit is expected to trade at around RM4.50 to the US dollar next week, with investors being cautious ahead of the US inflation report as well as a series of speeches by US Federal Reserve (US Fed) officials scheduled during the period.

WASHINGTON, Jan 9 — The process of returning inflation to the US Federal Reserve's (US Fed) two per cent long-term goal "could take longer than previously anticipated," according to the latest minutes released on Wednesday, reported Xinhua.