Mixed indications to pressure ringgit performance next week

KUALA LUMPUR, March 6 (Bernama): The ringgit performance next week will be determined by oil prices, as well as the movement of US Treasury yields, said Axi chief global market strategist Stephen Innes.

He said the US non-farm payroll, a key economic indicator for the US economy, to be announced late Friday, would influence the greenback, with a weaker dollar having a negative impact on US Treasury yields, while a higher number could complicate Joe Biden's efforts to push a US$1.9 trillion stimulus deal.