The 51-year-old royal also attended a brand event with Tuan in Kuala Lumpur on Nov 26.
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar on Wednesday, amid a firm US Dollar Index as the Federal Reserve minutes signalled a pause in the rate cut cycle.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that the Fed's minutes revealed a consensus among members that monetary easing is the preferred direction. Still, the pace of policy adjustment will likely be"cautious”. Mohd Afzanizam added that the Fed's measured approach could lead to intermittent pauses in the rate cut cycle, strengthening the DXY above 107 points, reflecting the absence of urgency to lower rates.
Ringgit US Dollar Federal Reserve Mohd Afzanizam Abdul Rashid
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