Will peninsular Malaysians get an extra holiday on Sept 17 after Malaysia Day and Prophet's Birthday? Here's what Putrajaya says
KUALA LUMPUR, Aug 2 — The ringgit opens higher against the US dollar today, continuing its 10-day rally as investors anticipate possible Federal Reserve rate cuts in September. He said respondents to the ISM survey suggested that consumer demands are slowing, and some businesses are focusing on reducing their inventories.
Mohd Afzanizam also said the ringgit looks constructive versus the US dollar as the rate differential is likely to narrow between the federal funds rate and the overnight policy rate.
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