Ringgit outlook tied to rate cuts, Trump win

SPI Asset Management MD Innes pointed out that Asia’s forex market could face significant challenges if Donald Trump wins the upcoming US elections.

PETALING JAYA: The Federal Reserve’s (Fed) decision on interest rates this week could drive the ringgit, but a potential Donald Trump win in the upcoming United States elections adds a layer of uncertainty to the outlook for Malaysia’s currency.

SPI Asset Management managing director Stephen Innes has ruled out the possibility of the Fed holding off on a rate adjustment tomorrow.