Monetary policy: Where art thou?

Monetary policy: Where art thou?

2 months ago

Economists are forecasting the ringgit to slide further, to as much as RM5 to a dollar by year-end, as the Fed is expected to continue its aggressive tightening, increasing the attractiveness of the USD and pressuring the value of other currencies – pic BloombergTHE Malaysian ringgit is continuing its downward trend to be at a new lowest value in 24 years (as of Sept 26). At the end of today’s trade, the ringgit (MYR) is quoted at RM4.6030 to an American dollar (USD). Technically, it is not something unexpected as the local currency has long broken the psychological […]

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