KUALA LUMPUR : The ringgit is expected to remain soft and trade around RM4.76 against the American dollar next week ahead of talks by US Federal Reserve officials on inflation and the US retail sales data.
The US retail sales figure will be announced on Monday with consensus estimates projecting it will grow 0.3 per cent month-on-month in March from 0.6 per cent previously. Meanwhile, he said the European Union consumer price index would also be interesting to look at with street estimates showing that the inflation rate would moderate further to 2.4 per cent in March, a sign that the European Central Bank could be on the right track to cut interest rates this year.
Mohd Afzanizam Abdul Rashid US Dollar
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