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Analysts previewed the ringgit's outlook for the coming week, which had traded in a narrow 4.420 to 4.425 range from Monday to Thursday. They said the direction would depend on upcoming US jobs reports, the December FOMC minutes and China's manufacturing PMI.
Kenanga expects the pair to hover near its 5-day EMA of 4.423.
This is a forward-looking currency preview with no new cause for price moves. The outcome could still influence the ringgit cost of dollar-priced feed imports.
businesstoday.com.myDec 30, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
