Ringgit likely to trade at current levels next week

KUALA LUMPUR, July 31 (Bernama): The ringgit is expected to trade at current levels next week on mixed market sentiments, likely influenced by local political developments and concerns over rising Covid-19 cases, said an analyst.

As such, Bank Islam Malaysia Bhd economist Adam Mohamed Rahim opined that the ringgit would remain trading at above 4.20 against the US dollar next week.