Ringgit extends winning streak

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The ringgit continued to tick higher for the seventh straight session theSun theSundaily ringgit usfed Currency business economy news

: The ringgit continued to tick higher for the seventh straight session ahead of the US Federal Reserve’s meeting on Jan 31 - Feb 1.

SPI Asset Management managing partner Stephen Innes told Bernama that the market is expecting a downshift in US interest rate hikes, from a 50 to 25 basis points hike in the Fed funds rates at this week’s Federal Open Market Committee meeting, which should support the ringgit later in the week. - Bernama

 

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