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Ringgit seen at 4.15-4.30 vs USD as investors take cue from Trump — FXTM

Mimi Sabreena 3:33:00 PM Informasi

KUALA LUMPUR (Nov 1): The ringgit is seen hovering between 4.15 and 4.30 against the US dollar for the rest of 2017 due to the lack of progress in US President Donald Trump's policy execution, according to ForexTime Ltd (FXTM) global head of currency strategy and market research Jameel Ahmad.

Jameel said the ringgit's direction now rests on Trump's tax policies and who Trump appoints as the next Federal Reserve Chair. He said US interest rate hike expectation has been priced into the market, hence, no longer a heavy concern for the ringgit.

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