{"id":65171,"date":"2024-09-17T12:21:16","date_gmt":"2024-09-17T04:21:16","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=65171"},"modified":"2024-09-17T12:22:47","modified_gmt":"2024-09-17T04:22:47","slug":"ringgit-rallies-against-dollar","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar","title":{"rendered":"Ringgit Hits 20-Month High Against USD, Falls Against Other Currencies"},"content":{"rendered":"

Last Friday, the ringgit managed to breach the RM4.30 level. This marks a 20-month high against the US dollar, as traders remain optimistic for the United States Federal Reserve (Fed) to cut interest rates between 25 and 50 basis points.<\/span><\/p>\n

Last Friday, the local note appreciated to 4.2975\/3050 versus the greenback from Thursday\u2019s 4.3330\/3370, according to <\/span>Bernama<\/span><\/a>.<\/span><\/p>\n

<\/span>Ringgit hits 20-month high against USD<\/span><\/h2>\n

The ringgit has continued its upward trend against the USD this week. It has now appreciated further to RM4.29 against the USD on Tuesday, September 2024.<\/p>\n

Expert insights are pointing to an expected US Federal Reserve rate cut announcement after their committee meeting which will take place this September 17 or 18. The rate cut forecast is driven by news of cooling US inflation trends.<\/p>\n

<\/span>Euro, Pound Sterling, Singapore Dollar gains<\/span><\/h2>\n

While the ringgit has rallied against the US dollar, it has weakened against other major currencies.<\/p>\n

On a high level, the ringgit weakened to RM4.77 against the Euro, RM5.67 against the pound and fell to RM3.3 against the Singapore dollar.\u00a0 It also weakened against the Philippine peso and Thai baht.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shifts in sentiment have prompted a sell-off of the dollar. Here’s the latest update on the ringgit’s performance overall.<\/p>\n","protected":false},"author":58,"featured_media":65178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2423,315,1,216,284],"tags":[323,982,546,2440,1590],"class_list":["post-65171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi-madani","category-forex","category-investment","category-news-updates","category-ringgit","tag-economy","tag-news","tag-ringgit","tag-rm","tag-usd"],"acf":[],"yoast_head":"\nRinggit Rallies Against The Dollar, Falls Against Other Currencies<\/title>\n<meta name=\"description\" content=\"Is the ringgit finally performing to analysts expectations? Here's the latest update on its performance overall.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ringgit Rallies Against The Dollar, Falls Against Other Currencies\" \/>\n<meta property=\"og:description\" content=\"Is the ringgit finally performing to analysts expectations? Here's the latest update on its performance overall.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-17T04:21:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-17T04:22:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/09\/17121953\/ringgit.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jordan Low\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jordan Low\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar\",\"url\":\"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar\",\"name\":\"Ringgit Rallies Against The Dollar, Falls Against Other Currencies\",\"isPartOf\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/09\/17121953\/ringgit.jpg\",\"datePublished\":\"2024-09-17T04:21:16+00:00\",\"dateModified\":\"2024-09-17T04:22:47+00:00\",\"author\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/504ffd45ac95c1aed85e1dfc7d4c4ea6\"},\"description\":\"Is the ringgit finally performing to analysts expectations? Here's the latest update on its performance overall.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar#primaryimage\",\"url\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/09\/17121953\/ringgit.jpg\",\"contentUrl\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/09\/17121953\/ringgit.jpg\",\"width\":1200,\"height\":628,\"caption\":\"ringgit performance\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.imoney.my\/articles\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Investment\",\"item\":\"https:\/\/www.imoney.my\/articles\/category\/investment\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Ringgit Hits 20-Month High Against USD, Falls Against Other Currencies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\",\"url\":\"https:\/\/www.imoney.my\/articles\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.imoney.my\/articles\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/504ffd45ac95c1aed85e1dfc7d4c4ea6\",\"name\":\"Jordan Low\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6511133f37ebe996d0f85c23225c28b6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6511133f37ebe996d0f85c23225c28b6?s=96&d=mm&r=g\",\"caption\":\"Jordan Low\"},\"description\":\"With a background in history and public relations, Jordan has ample experience in business and creative writing, especially in the field of SMEs and Human Resources.\",\"url\":\"https:\/\/www.imoney.my\/articles\/author\/jordan-low\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ringgit Rallies Against The Dollar, Falls Against Other Currencies","description":"Is the ringgit finally performing to analysts expectations? Here's the latest update on its performance overall.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar","og_locale":"en_US","og_type":"article","og_title":"Ringgit Rallies Against The Dollar, Falls Against Other Currencies","og_description":"Is the ringgit finally performing to analysts expectations? Here's the latest update on its performance overall.","og_url":"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar","og_site_name":"iMoney Malaysia","article_published_time":"2024-09-17T04:21:16+00:00","article_modified_time":"2024-09-17T04:22:47+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/09\/17121953\/ringgit.jpg","type":"image\/jpeg"}],"author":"Jordan Low","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jordan Low","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar","url":"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar","name":"Ringgit Rallies Against The Dollar, Falls Against Other Currencies","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar#primaryimage"},"thumbnailUrl":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/09\/17121953\/ringgit.jpg","datePublished":"2024-09-17T04:21:16+00:00","dateModified":"2024-09-17T04:22:47+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/504ffd45ac95c1aed85e1dfc7d4c4ea6"},"description":"Is the ringgit finally performing to analysts expectations? Here's the latest update on its performance overall.","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar#primaryimage","url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/09\/17121953\/ringgit.jpg","contentUrl":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/09\/17121953\/ringgit.jpg","width":1200,"height":628,"caption":"ringgit performance"},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/ringgit-rallies-against-dollar#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"Investment","item":"https:\/\/www.imoney.my\/articles\/category\/investment"},{"@type":"ListItem","position":3,"name":"Ringgit Hits 20-Month High Against USD, Falls Against Other Currencies"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/504ffd45ac95c1aed85e1dfc7d4c4ea6","name":"Jordan Low","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6511133f37ebe996d0f85c23225c28b6?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6511133f37ebe996d0f85c23225c28b6?s=96&d=mm&r=g","caption":"Jordan Low"},"description":"With a background in history and public relations, Jordan has ample experience in business and creative writing, especially in the field of SMEs and Human Resources.","url":"https:\/\/www.imoney.my\/articles\/author\/jordan-low"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/65171"}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=65171"}],"version-history":[{"count":6,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/65171\/revisions"}],"predecessor-version":[{"id":65180,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/65171\/revisions\/65180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/65178"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=65171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=65171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=65171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}