Usd to myr year 2016: Higher chances of a key rate cut seen as Malaysia posts second month of deflation

He also noted that the ringgit has recently strengthened to an eight-month high against the US dollar, aided by the Federal Reserve’s dovish pivot. “The Malaysian currency is expected to remain supported by the robust domestic economy and oil’s year-to-date rally of over 30%. However, USD-MYR could reverse losses should there be a major catalyst for risk-off sentiment, which could spark a demand spike for safe-haven assets,” he added.

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