‘Don’t blame police if findings aren’t favourable’: Bukit Aman refutes actor Betty Banafe’s claims of ignoring 14 reportsThe market would focus on key data points such as the US Consumer Price Index and Producer Price Index to assess the inflation. — Picture By Choo Choy MayKUALA LUMPUR, Sept 9 — The ringgit was easier against the US dollar in early trade today ahead of the United States inflation data this week, said an analyst.
“There is also possible mild profit-taking activity as the local note is overbought following recent gains. “The question now is whether the Federal Open Market Committee members would opt for a 25 or 50 basis point cut when they meet on Sept 17-18,” he said. “Despite the higher real rates in China, which ideally should be very low or even negative given the current economic circumstances, Chinese officials have been slow in implementing the necessary support measures, although they continue to pledge more support.