# Ringgit set to extend gains next week on expected US interest rate cut

> Bernama reports the ringgit is expected to extend its gains next week, supported by market expectations of a US rate cut in September. The analyst cited a WIRP probability above 100% for a September cut and set support levels around 4.65 per dollar.

- Date: 2024-07-28 · published 2024-07-28T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/29553-ringgit-set-to-extend-gains-next-week-on-expected-us-interest-rate-cut
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Expectations of a weaker dollar tend to support commodity prices, but the effect on palm oil and feed markets is modest compared with direct supply news.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- nst.com.my: https://www.nst.com.my/business/economy/2024/07/1082721/ringgit-set-extend-gains-next-week-expected-us-interest-rate-cut%C2%A0

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.