KUALA LUMPUR: The ringgit is expected to trade on the upside bias moving between 4.1025 and 4.1225 this week, predominantly driven by the movement of the US dollar and influenced by the US Federal Reserve’s (Fed) taper decision.
SPI Asset Management global managing partner Stephen Innes said the ringgit was traded on moderately better footing as foreign exchange investors bought into the Fed’s current mantra to remain dovish regardless of strong economic data in the near term.
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!