AN uncertain external environment, concerns over the US Federal Reserve’s cutback or tapering of stimulus measures and the recovery of the US economy may lead to a weaker ringgituntil the end of 2014.
The ringgit has been sliding since late May after the Fed chairman Ben Bernanke said the US$85bil a month bond-buying or quantitative easing (QE) programme may gradually be cut. The ringgit hit a three-year low of 3.33 against the US dollar on Aug 28.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
