KUALA LUMPUR, April 1 ― The ringgit is likely to trade on a bullish bias next week, below the RM4.40 level within the 4.3925-4.4175 range against the US dollar, said an...
KUALA LUMPUR, April 1 ― The ringgit is likely to trade on a bullish bias next week, below the RM4.40 level within the 4.3925-4.4175 range against the US dollar, said an analyst.
“However, the lower yield levels relative to other emerging market currencies makes it slightly less attractive than other higher risks unless China's growth starts to pick up in earnest,” Innes told Bernama. “Apart from that, the markets would also want to see whether the banking crisis is really over. It’s going to be choppy trade in the 2Q 2023 the way we see it,” said Afzanizam.
On a week-on-week basis, the ringgit was traded higher against the US dollar at 4.4130/4175 against yesterday’s close of 4.4250/4305 a week earlier.
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