At 9 am, the local note slipped by 135 basis points to 4.1835/1885 from 4.1700/1730 at last Friday’s close.
"On top of that, the market would be watching the latest economic projection by the US Fed to see whether there are any upgrades in its assessment compared to June,” he told Bernama. "Similarly, the US Fed had raised its inflation forecast from 2.4 per cent to 3.4 per cent,” he said.Meanwhile, Kenanga Research said the ringgit’s direction this week would mainly be influenced by the US and China central bank policy meetings.
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