Ringgit may rise to 3.55-3.60/USD in April as Fed bets ease
Credit Agricole-There should be some more room for appreciation of the Ringgit. -File Pic
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%
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