(Reuters) - Apple is planning on launching a wall-mounted display that can control appliances, handle video conferencing and use artificial intelligence to navigate apps, Bloomberg News reported on Tuesday, citing people with knowledge of the effort.
PETALING JAYA: The ringgit may face volatility in the short term, but economists suggest it could hold steady within its fair value range of RM4.20 to RM4.40 against the US dollar, barring any major external shocks.
But economists said the local currency remains sensitive to both US policy and trade shifts, particularly as markets react to US president Donald Trump’s impending return to office in January 2025.Economist Yeah Kim Leng told StarBiz in the short term, the ringgit might face volatility due to uncertainties in the Western markets, particularly the United States.
Meanwhile, economist Geoffrey Williams said a fair value for the ringgit is around RM4.20 to RM4.40 against the US dollar and the recent levels of RM4.80 and RM4.12 were “transitory and pushed by special factors and market news”. Bank Muamalat Bhd chief economist Mohd Afzanizam Abdul Rashid said external factors will continue to drive the ringgit, with a primary focus on Trump’s policies from 2025 to 2028.
While Trump’s policies may provide short-term support for the US dollar, Yeah said in the longer run it is “unsustainable”, as the potential for debt levels and fiscal strain could ultimately weaken it. He said the ringgit’s fundamentals –backed by stable growth, low inflation and strong trade inflows – remain robust.
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