KUALA LUMPUR, July 4 (Bernama): The ringgit will continue to trade under pressure versus the US dollar from Monday as currency traders attentively track developments in the US as well as wait for Bank Negara Malaysia’s (BNM) monetary policy committee meeting next Thursday (July 8).
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said US dollar/ringgit has been gyrating on the weaker side this week amid the appreciation of US dollar index to 92.632 points on Friday.
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