Ringgit to stabilise against the greenback next week


KUALA LUMPUR, July 25 (Bernama): The ringgit is expected to stabilise and may trend higher next week, riding on the weaker US dollar amid rising tensions over the United States (US) and China dispute and ahead of the US Federal Open Market Committee (FOMC) meeting.

AxiCorp chief global market strategist Stephen Innes expects the US dollar to weaken next week as the US Federal Reserve would take a very dovish stance on its interest rate decision.

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Ringgit , US dollar , Washington , Consulate , FOMC

   

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