Ringgit to stay strong against US dollar and continue to be firm during Asean Summit week


KUALA LUMPUR (Bernama): The ringgit is expected to stay firm with an upside bias against the greenback from Monday (May 26) ahead of the release of US central bank meeting minutes and the US personal consumption expenditures inflation report.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid reckons that the prevailing upward trend of the ringgit will continue due to continued concerns over the US fiscal position.

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