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The ringgit ended higher against the US dollar on Monday, rising to about 4.2045 after Fed Chair Jerome Powell's dovish Jackson Hole speech signalled a possible September rate cut. The ringgit also edged lower against the euro, yen and pound.
Analysts said the Fed was signalling it would tolerate elevated inflation.
A dovish Fed shift weakens the dollar, supporting dollar-priced commodities including grains and oilseeds. The move is a currency reaction to central bank signalling.
thestar.com.myThe Star OnlineAug 25, 2025Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
