Ringgit Gains Ground Against US Dollar Amid DXY Decline on Nostr: Ringgit Retreats Against US Dollar Ahead of US Inflation Readings =============== ...

Ringgit Retreats Against US Dollar Ahead of US Inflation Readings
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#edbf6f6a ver:1.22

The ringgit retreats against the US dollar as investors anticipate US inflation data. The US Federal Reserve's tight monetary policy stance is expected to support the dollar. Traders are monitoring the impact of US monetary policy on the ringgit's exchange rate, which has been under pressure due to the strengthening of the US dollar. The ringgit is expected to remain under pressure in the near term. Market participants are also watching major economic data and Malaysia's Q1 GDP growth. The ringgit has more upside potential and could reach 4.50 by year-end. #ringgit #USD #inflation #monetarypolicy...

#newstr #Ringgit #UsInflation #CurrencyExchange #Economy

https://here.news/story/edbf6f6a?ver=1.22