任九（www.99cx.vip）:Ringgit likely to decline further against US$

欧博APP下载（www.aLLbet8.vip）是欧博集团的官方网站。欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

SPI Asset Management managing partner Stephen Innes said the ringgit may also struggle to hold onto gains due to various negative risk events, namely the concern about the increase in Covid-19 cases in China.

KUALA LUMPUR: The ringgit is likely to continue its decline against the US dollar this week due to higher inflation, says an analyst.

SPI Asset Management managing partner Stephen Innes said the ringgit may also struggle to hold onto gains due to various negative risk events, namely the concern about the increase in Covid-19 cases in China.

“Given the ringgit’s strong correlation with the Chinese yuan, the ringgit could trend weak as traders headgear for the possible regional stock market outflow that may trigger when United States house speaker Nancy Pelosi visits Taiwan in August,” he told Bernama.

,

任九（www.99cx.vip）是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。任九上任九分析专家数据更新最快。任九开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

He said the market also will be heading into another jumbo ahead of the Federal Open Market Committee (FOMC) meeting next week and the US Federal Reserve is expected to raise rates by another 75 basis points on July 27.

“This could keep the ringgit grounded until the FOMC is out of the way.

“My fear is that we could be moving into a short global recession that could hurt Asia exporters. So, the sum of all this negativity has me erring defensively,” he said.

Looking at the volatility, Innes said the ringgit is likely to trade within the RM4.44.75 to RM4.45.75 range this week.

转载说明:本文转载自Sunbet。