KUALA LUMPUR, Nov 6 — The ringgit is expected to appreciate to RM4.30 against the US dollar by year-end as the Federal Reserve (Fed) is deemed to have ended its tightening cycle...
Wake up your tastebuds at Taman United's WenWen Noodle where pickled mustard greens and chillies are in their bowls of noodles
In a note, the research firm said it expected emerging market currencies would strengthen as the US interest rates were near the cycle peak, which would lead to the return of fund flow into riskier markets. “Economic fundamentals generally remain supportive of the ringgit with the domestic economy displaying resilience, with inflation under control,” said the research house.It added that the recent signs of continued recovery in China and increased electrical and electronics exports would indicate better external trade performance in the coming months.
“While we are optimistic the ringgit will appreciate towards year-end, there is a downside bias which will limit the ringgit from strengthening further.“For example, the absence of a definitive pause by the Fed, another rise in US treasury yields and escalating geopolitical crisis in the Middle East could lead to renewed support for the US dollar,” it said.
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