Ringgit seen strengthening further


PETALING JAYA: The ringgit is expected to strengthen against the US dollar on lower political risks domestically and as the greenback weakens against the Chinese yuan on the easing of China’s zero-Covid policy.

Bloomberg Intelligence chief Asia foreign exchange and rates strategist Stephen Chiu said the US October’s consumer price index data has convinced financial markets that inflation in the United States might have peaked and started falling, leading to a higher likelihood that the US Federal Reserve (Fed) might pivot in the near term.

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ringgit , Stephen Chiu , dollar , currency

   

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