What Will Be on the RBA’s Mind as It Weighs a Rate Cut Next Week
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Ringgit seen stable next week on US rate cut hopes
KUALA LUMPUR, May 17 — The ringgit’s outlook remains positive going into next week, with the currency expected to hover in the 4.26-4.29 range against the US dollar, according to SPI Asset Management managing partner Stephen Innes. He said the potential for Federal Reserve (Fed) rate cuts and easing US yields could push the greenback lower. “Recent US data came in below expectations, raising hopes for an interest rate cut, which weighed on the g…
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