Forex

Ringgit rises as optimism about rate cuts persists

KUALA LUMPUR: The ringgit rebounded higher on Friday against the US dollar as investors shrugged off US higher-than-expected consumer price index (CPI) data.

At 9 am, the ringgit appreciated to 4.6405/6455 versus the greenback from Thursday’s close of 4.6425/6455

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Ringgit , CPI , DXY ,  Transport sub-index ,  US Treasury

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