Lowering the U.S. interest rate would be beneficial for the ringgit. But part of the enthusiasm a month or so ago when the Fed dropped rates was that another was expected this year. Recent US job stats now put additional rate cuts in question. This is partially responsible for the ringgits decline. Unfortunately the ringgit is subject to outside influences more than those from within Malaysia.
Lowering the U.S. interest rate would be beneficial for the ringgit. But part of the enthusiasm a month or so ago when the Fed dropped rates was that another was expected this year. Recent US job stats now put additional rate cuts in question. This is partially responsible for the ringgits decline. Unfortunately the ringgit is subject to outside influences more than those from within Malaysia.