The ringgit fell for the fifth consecutive day against the US dollar, closing at 4.4475/4525 as cautious sentiment grew ahead of the Federal Open Market Committee (FOMC) meeting on December 17-18. An analyst noted the likelihood of the US Federal Reserve cutting interest rates, aligning with gradual monetary easing trends globally. Despite sticky US inflation, other central banks, like the ECB and SNB, have initiated rate cuts. However, the ringgit strengthened against major currencies such as the British pound and Japanese yen, and ASEAN currencies including the Singapore dollar and Thai baht.
Ringgit fell
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