The ringgit has slipped against the US dollar as investors await the release of the US January consumer price index to gauge the future path of the Federal Reserve’s monetary policy. – The Malaysian Insight file pic, February 13, 2023.
“In addition, the uptick in US-China tension is also weighing on Asian currencies after the US Air Force took down another possible Chinese balloon,’’ he told Bernama. Nevertheless, Innes said if the CPI failed to print above grade, an improving macro backdrop could cheapen the US dollar.
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