Ringgit Strengthens As US-China Trade Tensions Ease

Quick Summary:

The ringgit opened stronger against the US dollar on Wednesday following continued easing in US-China trade tensions, which lifted investor sentiment and spurred risk appetite across markets.At 8.01am, the local currency rose to RM4.3045/3245 against the greenback, compared with RM4.3185/3250 at Tuesday’s close.

The Fed’s upcoming 17–18 June meeting is now seen as a key event where macroeconomic projections may be updated.

Core CPI held steady at 2.8%.“The moderation in CPI suggests that inflation concerns stemming from US tariffs may no longer be significant,” he said.

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Category: InvestingBusiness

Markets: MalaysiaChinaJapan

Topics: Markets Ringgit update

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 01:29:32 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 352 words

Reading Time: 2 minutes read

Sentences: 16 lines

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Copyright Owner: © Business Today

News ID: 28693893

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