KUALA LUMPUR: The ringgit is expected to trade range-bound with a downward bias against the US dollar next week as the greenback may gain support surr...
: The ringgit is expected to trade range-bound with a downward bias against the US dollar next week as the greenback may gain support surrounding global economic uncertainties, an analyst said.
He said investors’ focus will be shifted onto Bank Negara Malaysia’s overnight policy rate decision scheduled on Sept 7 to further digest the local currency’s prospect. Meanwhile, SPI Asset Management managing director Stephen Innes noted that for the ringgit to regain its lost ground, China’s economic data must improve.
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