The Malaysian ringgit depreciated against the US dollar on Thursday due to growing anticipation of a potential interest rate increase by the US Federal Reserve. This expectation strengthened demand for the US dollar, putting downward pressure on the ringgit. Market analysts suggest that further Fed policy adjustments could influence the ringgit’s performance in the coming months. The ringgit’s closing rate reflected this increased dollar demand. The Fed has signaled a cautious approach to rate adjustments, but persistent economic data could prompt a hike. Investors are closely monitoring US economic indicators for further clues about the Fed’s next move and its potential impact on global currencies.