Ringgit may rise to 3.55-3.60/USD in April as Fed bets ease

Rebound in energy prices bolsters prospects for Malaysia’s fiscal and current-account balances, Dariusz Kowalczyk, Hong Kong-based strategist at Credit Agricole CIB, says in interview with Bloomberg.

• "There should be some more room for appreciation of the Ringgit because the doubts regarding the timing of a Fed rate hike and pace of tightening will persist as long as the U.S. data are weaker,” Kowalczyk says

• Ringgit falls 0.1% to 3.6425/USD as of 9:17am in Kuala Lumpur; currency is up 1.7% this month, region’s best performer: data compiled by Bloomberg. Last climbed to 3.55 in Feb.

• 10-year government bond yield steady at 3.89%

For more business news, tune in to AWANI Biz on Astro channel 501.