Stronger ringgit shines amid slower US inflation, yet market uncertainty looms

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Ringgit समाचार

Forex,Us Dollar

KUALA LUMPUR, Nov 28 — The ringgit remained stronger against the US dollar on Thursday, bolstered by a softer US Dollar Index (DXY), which fell 0.91 per cent to 106.036...

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This followed the release of the latest inflation data, which showed US core Personal Consumption Expenditures inflation increasing by 2.8 per cent in October from 2.7 per cent in September, which suggested inflation in the US remained sticky. Looking ahead, Mohd Afzanizam opined that the ringgit could gain further, although the outlook remains uncertain amid evolving US economic data.

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