Foreign exchange strategists and economists concurred that the tapering by the US Federal Reserve of its bond-buying programme or quantitative easing would not bode well for the local currency.
RAM Rating Services Bhd economist Nadia Mazlan told StarBiz that the performance of the ringgit would be largely influenced by fund flows. Healthy trend: Saktiandi says the recent robust oil prices are beneficial for the country’s trade balance. “While episodes of political jitters in early Q3’2021 had weighed on the currency, the transition of the new Prime Minister and cabinet has helped avoid the worst case scenario of a leadership vacuum or an abrupt derailment in health and economic policies.
Dass: A more positive outlook will be supported by improving domestic economic activity and net foreign portfolio inflows. With 90% of the adult population in Malaysia having been vaccinated, the reopening of the economy and stability on the political front should bode well for the local economy to regain momentum in the final quarter, he pointed out.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.