KUALA LUMPUR, May 16 (Bernama): The ringgit is expected to weaken against the US dollar next week at between 4.10 and 4.15, in line with the fear of the United States (US) inflation and Consumer Price Index (CPI) data released recently.
OANDA senior market analyst for Asia Pacific, Jeffrey Halley said that with markets on the edge over inflation, a high print by US CPI could spur a jump in US bond yields and lift the greenback in coming days.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
