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KUALA LUMPUR, April 5 — The ringgit is expected to bounce back amid volatility and unpredictable currency markets, said Juwai IQI Global chief economist Shan Saeed.<\/p>\n

He said the US dollar is expected to further weaken in the coming quarters as the US Federal Reserve slashed its benchmark interest rate by a full percentage point to near zero and promised to boost its bond holdings by at least US$700 billion.<\/p>\n

He said the Fed made such a move to save the US economy from the fallout from Covid-19.<\/p>\n

“If you pick the latest issue of Forbes magazine, it clearly makes the point that the dollar is heading south.<\/p>\n

Click here<\/a><\/span> <\/strong>to read the full article.<\/p>\n

Source: Malay Mail<\/p>\n<\/div>\n

<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"