US rate cut, Malaysia's structural reforms and economic outlook fuelling ringgit recovery - Bank Negara

KUALA LUMPUR: The US Federal Reserve’s (Fed) recent decision to slash interest rates has a significant impact on Malaysia’s ringgit, especially in light of shifting currency dynamics across the region.

The American central bank’s move to slash 50 basis points on Wednesday, the first in four years, will loosen tight monetary policies and inject confidence in weakening currencies, say analysts.