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The ringgit is expected to remain resilient this week, buoyed by positive investor sentiment following Budget 2027 and the government’s commitment to fiscal consolidation, says an analyst.
The ringgit weakened against the US dollar ahead of US inflation data, with experts noting potential Fed policy impacts.
Summarised automatically by AI from the original article by Free Malaysia Today. AI can make mistakes, so check the original for details.
Also reported by New Straits Times
KUALA LUMPUR: The ringgit closed slightly lower against the US dollar on Tuesday as investors remained cautious ahead of the US inflation data due tomorrow, an analyst said.
At 6pm, the ringgit eased to 4.0835/4.0880 against the greenback from Monday’s close of 4.0820/4.0865.
TA Securities chief economist Shazma Juliana Abu Bakar said the data could influence expectations for the Federal Reserve’s monetary policy direction and, consequently, near-term movements in the ringgit.
6 stories on this topic from 4 sources, oldest first.
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