Fed to keep Dollar weaker in 2021, ringgit to trade at 3.67-4,10 level, says economist

KUALA LUMPUR, May 1 (Bernama): The recent Federal Open Market Committee meeting has signalled that the Federal Reserve (Fed) will not increase interest rates in 2021 but would encourage the US dollar to stay weaker in the coming quarters.

Juwai IQI chief economist Shan Saeed said more than 25 per cent of all US dollar in circulation presently were printed over the past 12 months, as measured by M2.