PETALING JAYA: Currency analysts believe the US Federal Reserve’s (Fed) tilt to the dovish side this week could signal sustained gains for battered emerging market currencies like the ringgit.
The Fed’s softer tone on rate prospects going forward gave foreign-exchange (forex) traders reason to shift out of the greenback and into other units despite having raised rates by another 25 basis points (bps) on Thursday.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
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!