Ringgit under pressure ahead of Fed meeting

The Malaysian ringgit is facing increased pressure as Southeast Asian currency markets enter a period of heightened friction. Markets are bracing for the June 16-17 Federal Open Market Committee meeting, with global investors adopting a defensive posture. The currency's short-term trajectory is complicated by persistent global inflation, shifting Middle Eastern geopolitics, and historic policy tightening in East Asia. The ringgit's outlook remains delicate as these factors converge.