Ringgit Softens As Traders Eye US Fed Signals

Quick Summary:

The ringgit opened marginally lower against the US dollar on Tuesday, with investors treading cautiously ahead of a possible interest rate cut by the United States Federal Reserve, according to an analyst.

At 8 am, the local unit eased to 4.2900/3020 against the greenback compared with Monday’s close of 4.2870/2945.

However, it slipped slightly against the Indonesian rupiah to 261.0/261.9 from 260.8/261.4, and eased against the Philippine peso to 7.70/7.73 from 7.69/7.71.

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Article Details

Category: InvestingBusiness

Markets: MalaysiaIndonesiaJapanSingaporeUnited States

Topics: Ringgit update Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 01:03:57 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

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Sentences: 11 lines

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News ID: 28860474

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