KUALA LUMPUR: The ringgit is poised to march stronger next week after the United States (US) Federal Reserve chair Jerome Powell hinted at a potential interest rate cut in September.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the USDMYR may attempt to break the psychological level of 4.20 next week, following Powell’s remark at the Jackson Hole Economic Policy Symposium last night.
