Ringgit makes further gains against dollar
Despite a positive day’s trading for the ringgit against the dollar, the local note is still down against a basket of major currencies. – The Malaysian Insight file pic, April 13, 2023.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the ringgit was stronger against the greenback today as the latest print for the US CPI was seen as ringgit positive, as thoughts of a pause by the US Federal Reserve gained momentum. “Going forward, we may see some Fed members continue to argue whether the Fed fund rate should be higher.
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