Ringgit expected to strengthen to 4.0 against US dollar next week


A moneychanger worker showing the ringgit and US dollar notes in Kuala Lumpur. -MUHAMAD SHAHRIL ROSLI/The Star.

KUALA LUMPUR, Jan 2 (Bernama): The ringgit is expected to trade higher against the US dollar next week, on positive COVID-19 vaccine sentiment and better performance in crude oil prices, said an analyst.

Axi chief global market strategist Stephen Innes said as commodities are expected to fly out of the new year gates, particularly for the higher oil prices, they provide a double whammy of support for the local unit.

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Ringgit , US Dollar , Commodities , Oil Price , Vaccine , Axi

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