KUALA LUMPUR, March 23 ― The ringgit jumped against the US dollar today as its winning streak continued for the fourth consecutive day after the US Federal Reserve (Fed)...
KUALA LUMPUR, March 23 ― The ringgit jumped against the US dollar today as its winning streak continued for the fourth consecutive day after the US Federal Reserve signalled a more dovish monetary stance going forward.
The Fed hiked interest rates by 25 basis points on Wednesday but signalled in a statement that it is nearing the end of rate hikes. “I suppose talk of a possible looser monetary policy stance by the Fed would gain more steam going forward,” he told Bernama.
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