The ringgit is expected to trade in a volatile mode in line with other emerging market currencies as the global economy continues to be under pressure as Covid-19 fears continue to grip global markets.
"Malaysia’s February consumer price index data is expected to come in at 1.5 per cent, which points to inflationary pressures remaining manageable. "However, should the dash for the greenback and risk aversion continue unabated, the ringgit could breach the 4.40 level versus the greenback again, revisiting levels not seen since the first quarter of 2017," he said.
It rebounded on Friday to US$31.17 at the time of writing due to production disruption in Iran caused by Covid-19, but is expected to be short-lived.
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