Ringgit likely to trade at current level next week


Few expect the ringgit to regain all the ground lost last year. Bernama pic

KUALA LUMPUR: The ringgit is likely to trade around  current level and could be slightly lower versus the US dollar next week, influenced mostly by external and internal market sentiments, dealers said.

"Profit-taking may set in as the currency hit a 10-week high versus the US dollar this week as government bond prices extended gains after Bank Negara Malaysia's surprise interest rate cut on Wednesday," the dealer said.

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