Ringgit seen to trade on downward bias the coming week

KUALA LUMPUR, June 20 (Bernama): The ringgit is likely to trade on a downward bias against the US dollar from Monday mainly influenced by external factors.

ActivTrades trader Dyogenes Rodrigues Diniz said given the expectations on the United States (US) monetary policy, the most likely scenario would be that the ringgit will continue to be pressured to hit 4.1750 as a first target and 4.2200 as the final projection, over the next two to four months.