THE decision by the US Federal Reserve to start unwinding its US$4.2 trillion of bonds, despite inflation remaining low, is a sign of confidence in the growth prospects of the world economy.
However, the rebound in the greenback, if sustained in the near term, could cast a slight downward pressure on emerging market currencies, including the ringgit.
Already a subscriber? Log in.
Subscribe to The Star Yearly Premium Plan for 30% off
Cancel anytime. Ad-free. Full access to Web and App.
Monthly Plan
RM 13.90/month
RM 9.73/month
Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.
Best Value
Annual Plan
RM 12.39/month
RM 8.63/month
Billed as RM 103.60 for the 1st year, RM 148 thereafter.
