KUALA LUMPUR (April 23): The ringgit lost ground slightly against the US dollar as the market awaits more macro data releases this week, including the US advance gross domestic product (GDP) for the first quarter and March personal consumption expenditures (PCE) data to gauge the future interest rate outlook.  

At 9am, the ringgit slipped to 4.7780/7810 against the greenback from Monday’s closing of 4.7750/7785.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the incoming data such as US PCE along with Federal Open Market Committee meeting next week will continue to weigh on sentiment in the foreign exchange market.

https://www.theedgemarkets.com/node/708935