Kenanga: Ringgit Could Recover to 4.04-4.06 If Fed Holds Rates
Kenanga Research expects the ringgit to recover to the RM4.04-RM4.06 per US dollar range if the US Federal Reserve keeps interest rates unchanged next week. The ringgit closed at RM4.065 on Thursday, weaker than RM4.045 a week earlier, despite Malaysia recording record bond inflows of RM15.9 billion in August.