Ringgit seen to trend around 4.77 to US dollar next week

Penang should learn from Selangor on how to go from backend chip manufacturing to front-end design work, says Guan Eng

SPI Asset Management managing director Stephen Innes said, however, much hinges on the responses of global bond markets as many traders are currently factoring in a level of central bank alignment with the US Federal Reserve . “However, it is likely that the Fed will wait to gauge US employment data and the next series of consumer price index figures before committing to a fully hawkish stance,” Innes told Bernama.

Besides the FOMC meeting, investors would also be looking out for the US Institute of Supply Management Index for Manufacturing as well as the nonfarm payroll and unemployment rate.

Source: News Formal (newsformal.com)

Ringgit Vs Us Dollar

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