The upside risk to the ringgit would be more so should the US recovery heads into trouble from rising virus cases and renewed local lockdowns and the Fed embarks on more quantitative easing (QEs) to stimulate the economy.
KUALA LUMPUR: The ringgit is expected to benefit from firmer Asian currencies benefitting from the interest rate as well as growth differentials between the region with industrial economies, AmBank Research said.
In its forex report issued on Monday, it said the upside risk to the ringgit would be more so should the US recovery heads into trouble from rising virus cases and renewed local lockdowns and the Fed embarks on more quantitative easing (QEs) to stimulate the economy.
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