The Malaysian ringgit and the Thai baht logged strong gains among a firmer Asian currency basket on Thursday (July 27), boosted by a weak dollar, after the US Federal Reserve delivered its much-awaited 25 basis point hike, while remaining vague about another possibility of a raise in September.  The US Federal Reserve has raised rates for the 11th time in the last 12 times that it has met and kept the benchmark overnight interest rate in the 5.25%-5.50% range, and will now continue to assess the possibility of more rate hikes in future.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-07-27-story-h-244638475-Most_Asian_currencies_gain_after_widely_expected_Fed_hike

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