Ringgit Rallies As Fiscal Concerns Weigh On Greenback, Expected To Hold At 4.06

The ringgit strengthened sharply against the US dollar, rising to RM4.045 from RM4.086 last Friday, as concerns over US fiscal strains and softer expectations for Federal Reserve policy weighed on the greenback, according to Kenanga. Kenanga said the US dollar’s direction is increasingly being driven by fiscal concerns rather than expectations of a more hawkish […]