KUALA LUMPUR, April 21 ― The ringgit continued to remain weak in the early session today amidst expectations that the United States (US) Federal Reserve (Fed) would raise its interest rates in its upcoming meeting in early May, said an analyst. At 9am, the local note, which slipped to a 22-month...
KUALA LUMPUR, April 21 ― The ringgit continued to remain weak in the early session today amidst expectations that the United States Federal Reserve would raise its interest rates in its upcoming meeting in early May, said an analyst.
“Tonight, Fed chair Jerome Powell will speak as a guest panellist at the International Monetary Fund’s seminar. Chances are he will want to reiterate the Fed’s stance on its monetary tightening. Market participants would also keep their eyes on Malaysia’s consumer price index for March, due to be announced tomorrow.
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