Ringgit rallies against dollar
The ringgit has rallied against the greenback again after the US Federal Reserve signalled a more dovish monetary stance going forward. – The Malaysian Insight file pic, March 23, 2023.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said should the US dollar fall through the present support level of RM4.4099, the next defensive line is seen at RM4.3297. “It acknowledges the extent of the stress in the US banking system and how it can impact households and businesses as liquidity conditions become increasingly tighter.
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