KUALA LUMPUR: The ringgit is likely to hold up better against G10 currencies next week except the US dollar next week following a revised lower growth...
: The ringgit is likely to hold up better against G10 currencies next week except the US dollar next week following a revised lower growth forecast and higher inflation rate by the European Central Bank .
He said that the Fed’s policymakers are expected to disclose their short-term interest rate forecasts for the end of 2023. “However, China’s property market remains a huge concern for exporting countries into China, like Malaysia,” he told Bernama. “Thus, this will drive the safe-haven demand such as the US dollar. For next week, there is a chance the ringgit will move between the range of 4.67 to 4.69 against the greenback,” he said.