KUALA LUMPUR, March 11 — The ringgit is expected to trade in a tight range at the 4.5100-4.5200 level against the greenback ahead of US inflation data in the middle of next week.
“The ringgit direction will depend significantly on whether the incoming US macro data allows the Fed to stick to its current 25 basis points hiking pace, which would mean bad US non-farm payrolls and softer inflation data. “On Friday, the trading was relatively quiet, with the ringgit trading defensively ahead of NFP data. My feeling is we are getting to peak Fed as US inflation should continue to fall.
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