Will Ringgit strengthen against US Dollar 2024 if there is no interest rate cut?

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Will Ringgit strengthen against US Dollar this year if there is no interest rate cut? 

Now, know that Bank of Japan recently burn 62 bil USD strengthen its all time low Yen against USD

But that’s just about 5% of its 1.2 trillion USD forex reserves

And BoJ said it had some ‘effect’  I’ll let you be the judge whether you agree, or not

Versus, Msia, only has 0.1 trillion USD forex reserves, about 10% of what Japan has

Our BNM said coordinated efforts has strengthened Ringgit w/o needing to spend tens of billions

However, tell me if you really can feel the difference between 4.79 & 4.71 Ringgit vs USD now?

With events like this adding oil to the fire? #ringgitmalaysia #bursamalaysia #malaysiafinance #ringgitmalaysia
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