KUALA LUMPUR: The ringgit is projected to trade with a cautious upside against the US dollar this week as investors evaluate the outlook for American interest rates.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid stated that investors’ primary focus will be on October’s US Consumer Price Index and Producer Price Index, due for release tomorrow and Friday, respectively.
Softer inflation readings could weigh on US Treasury yields and the greenback, providing support for the ringgit.
Stronger-than-expected inflation could reverse such gains, he noted.
