KUALA LUMPUR, Sept 18 ― The ringgit is likely to stabilise against the US dollar next week, driven by a bullish outlook on the global financial market, with the focus on the United States Federal Reserve , said an economist.
“Next week, the US dollar/ringgit should stabilise around the prevailing level as investors will take a cue from the US Federal Open Market Committee meeting on September 21 and 22. Meanwhile, a dealer said the strong economic data from the world’s largest economy would provide an extra cushion to the greenback at the end of the week.
He said the Fed is widely expected to announce the tapering of its asset purchases during the FOMC two-day meeting, following firmer US data.
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