Ringgit likely to see cautious trading with upside bias next week

KUALA LUMPUR, July 18 (Bernama): The ringgit is expected to trade in a cautious mode against the US dollar next week but with an upside bias as the local currency might attempt to move closer to the 4.25 psychological level, said an analyst.

FXTM market analyst Han Tan said the ringgit might rise if global risk sentiment was able to press on and overcome doubts over the pandemic’s impact on the global economy.