Ringgit Expected to Strengthen in 2024, Analysts Say on Nostr: USD-Ringgit Pair to Remain Bearish Amid Weak Yuan Fixing and Lack of Domestic ...

USD-Ringgit Pair to Remain Bearish Amid Weak Yuan Fixing and Lack of Domestic Catalysts
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#e283bda6 ver:0.5

The USD-Ringgit pair is expected to remain bearish due to weak yuan fixing and lack of domestic catalysts. The ringgit's performance reflects cautious US economic sentiment, with the USD index surging and the lack of domestic catalysts adding downside pressure. Traders will monitor upcoming US economic indicators. The ringgit's performance against other currencies varied, rising against the Singapore dollar but slipping against the euro. The ringgit held steady against the USD, influenced by mixed US economic data. Stay updated on economic developments to assess the ringgit's future performance. #USD #Ringgit #forex...

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