Rising risk of higher interest rates to continue influencing ringgit movement

KUALA LUMPUR, Feb 19 (Bernama): The ringgit is projected to hover at the current 4.42-4.45 range against the US dollar this week amid rising risks of a longer interest rate cycle after another hot inflation report.

SPI Asset Management managing director Stephen Innes said investors’ interests are likely to centre on the safe haven currency to hedge against the hawkish US Federal Reserve (Fed).