Ringgit Likely to Trade Cautiously Against US Dollar as Traders Await Economic Data
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#edbf6f6a ver:1.15

#Ringgit likely to trade cautiously against US dollar as traders await economic data. Market participants await US data including PPI, CPI, and Retail Sales. Ringgit projected to remain in narrow range of 4.73-4.74. Malaysia's Q1 GDP growth expected at 4.0%. Stronger bias if US inflation aligns, but US-China tensions could impact performance. Ringgit reacted to weak US Nonfarm Payrolls and BNM's rate decision. Depreciated to 4.7385/7410 against USD. Higher against GBP and JPY, lower against EUR. Lower against THB and IDR, higher against SGD. Upside potential, could reach 4.50 by year-end. #forex #economy...

#newstr #Ringgit #UsDollar #Trading #EconomicData #Gdp #Inflation #UschinaTensions 

 https://here.news/story/edbf6f6a?ver=1.15