Ringgit to hold up better against G10 currencies but will continue to struggle against US dollar this week

KUALA LUMPUR (Bernama): The ringgit is likely to hold up better against G10 currencies this week except the US dollar next week following a revised lower growth forecast and higher inflation rate by the European Central Bank (ECB).

SPI Asset Management managing director Stephen Innes said the ringgit is expected to continue to weaken against the greenback following the strengthening of the US dollar ahead of the United States (US) Federal Reserve (Fed) meeting next week on Sept 19-20.