Ringgit may strengthen against US$: FXTM
Written by Han Tan, Market Analyst at FXTM
The Malaysian Ringgit could climb further against the US Dollar in the week ahead, should investors raise their expectations for a larger Fed rate cut in July.
The US Q2 GDP and July composite PMI figures due in the week ahead are unlikely to dissuade the US central bank from cutting interest rates by at least 25-basis points this month.
<< The dovish outlook on US monetary policy is lending itself to a softer Dollar environment, which could lead to the more near-term upside for the Ringgit. >>