Ringgit Retreats Against US Dollar Ahead of US Inflation Readings
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#edbf6f6a ver:1.21

The ringgit retreats against the US dollar as investors anticipate US inflation data. The US Federal Reserve is expected to maintain a tight monetary policy, supporting the dollar. The ringgit is expected to remain under pressure due to the strengthening of the US dollar. Traders are also monitoring major economic data and Malaysia's GDP growth. If US inflation data aligns with expectations, the ringgit could have a stronger bias. However, tensions between the US and China could impact its performance. AmBank Economics predicts the ringgit could reach 4.50 against the US dollar by year-end. #ringgit #USD #inflation #monetarypolicy #GDP...

#newstr #Ringgit #UsDollar #UsInflation #FederalReserve #MonetaryPolicy 

 https://here.news/story/edbf6f6a?ver=1.21