Ringgit sees mixed fortunes against major and Asean currencies ahead of FOMC minutes release

AI Summary

The Malaysian ringgit weakened against the US dollar, closing at 4.2200/2240, due to anticipation of the Federal Open Market Committee (FOMC) meeting minutes. Mixed signals from Fed officials and weakening economic data suggest a September rate cut is less likely, despite current predictions. The ringgit performed mixed against other currencies, strengthening against the Japanese yen but weakening against the British pound, euro, and several ASEAN currencies.