At 9 am, the local note slipped by 135 basis points (bps) to 4.1835/1885 from 4.1700/1730 at last Friday’s close. "Similarly, the US Fed had raised its inflation forecast from 2.4 per cent to 3.4 per cent,” he said. As such, Mohd Afzanizam expects the ringgit to lean on the weaker side today. Meanwhile, Kenanga Research said the ringgit’s direction this week would mainly be influenced by the US and China central bank policy meetings. - BernamaArticle type: metered User Type: anonymous web User Status: Campaign ID: 46 Cxense type: free User access status: 3Join our Telegram channel to get our Evening Alerts and breaking news highlights

Source: The Star September 20, 2021 01:41 UTC