KUALA LUMPUR, Sept 18 (Bernama): The ringgit is likely to stabilise against the US dollar next week, driven by a bullish outlook on the global financial market, with the focus on the United States Federal Reserve (Fed), said an economist.
Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid said after experiencing a sharp appreciation, the ringgit succumbed to the selling pressure during this week, which could have been motivated by profit-taking activities in light of the rapid increase in the value of the ringgit.