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SPI Asset Management managing partner Stephen Innes said as recession fears continued to grip markets globally, the macro focus would be on the inflation expectation component of the closely-followed University of Michigan confidence survey release.

KUALA LUMPUR: The ringgit is likely to continue its losing streak against the US dollar this week, as the greenback is expected to stay dominant amid mounting inflation jitters.

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SPI Asset Management managing partner Stephen Innes said as recession fears continued to grip markets globally, the macro focus would be on the inflation expectation component of the closely-followed University of Michigan confidence survey release. — Bernama

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