Pressure on ringgit

PETALING JAYA: The performance of the ringgit against the US dollar for the rest of the year will hinge on fund flows.

Foreign exchange strategists and economists concurred that the tapering by the US Federal Reserve (Fed) of its bond-buying programme or quantitative (QE) easing would not bode well for the local currency.

Right track: Nadia says the ringgit remains on track to meet RAM Ratings’ projection range for the year.