KUALA LUMPUR (Bernama): The ringgit is expected to remain soft and trade around RM4.76 against the American dollar next week ahead of talks by US Federal Reserve (Fed) officials on inflation and the US retail sales data.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said a slew of Fed officials are scheduled for talks next week, which he thinks will offer the same messages - that US inflation is still a concern and that they need to be convinced whether it can reach the American central bank’s 2 per cent goal.
