Cautious sentiment ahead of FOMC meeting to weigh on ringgit this week


KUALA LUMPUR, June 11 (Bernama): Cautious market sentiment is expected to influence the ringgit’s movement versus the US dollar this week, with external factors remain as the main culprit.

Bank Muamalat Malaysia Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid said investors would be closely monitoring the outcome of the United States (US) Federal Open Market Committee (FOMC) meeting, scheduled on June 13 and 14, which would signal further direction for the greenback.

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