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Ringgit climbs for 7th straight session after US rate cut

 Posted by  Posted on October 30, 2025  12 Comments on Ringgit climbs for 7th straight session after US rate cut

KUALA LUMPUR: The ringgit extended its gains for the seventh day on Thursday, opening higher against the US dollar, supported by the much-anticipated 25 basis points cut last night by the US Federal Reserve, an analyst said.

At 8am, the ringgit appreciated to 4.1835/4.12050 against the greenback from Wednesday’s close of 4.1850/4.11900.

Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the decision comes with a catch, however.

“Monetary policy is not a preset course, and there is a polarised view among the Federal Open Market Committee (FOMC) members.

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