Central bank says has considered their potential costs, impact to economy.

Local note’s performance driven by unfavourable risk environment.

Timing of US Federal Reserve rate cut primarily drives risk-off sentiment.

Market is volatile due to possibility of US Federal Reserve’s interest rate cut.  

Economist says seeking refuge against market volatility would be most sensible thing to do.

This is due to a lack of catalysts.  

Greenback gains strength vis-a-vis other currencies.

Positive US CPI data prompts a return to safe havens.

Local note appreciates v greenback to 4.6405/6455.

Investor appetite shifts to safe haven currencies.  

Anticipation of US interest rate cut continues to dominate market sentiment. 

Local note at 4.6430/6470 versus the greenback.

Greenback dominates amid uncertain US rate cut. 

Latest US economic data strengthens hope for early interest rate cut.  

Market anticipates US Federal Reserve interest rate reduction in March 2024.