Ringgit set to remain weak against the greenback this week over Omicron worries


KUALA LUMPUR, Dec 5 (Bernama): The ringgit is set to remain weaker against the US dollar next week as investors are expected to remain cautious over how the Omicron Covid-19 variant will impact economic recovery.

Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said given that the variant of concern (VOC) is still under investigation by scientists, the ringgit could remain weak for now, possibly trading at RM4.22 to RM4.23 against the greenback.

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Ringgit , Weekly , US dollar , US Federal Reserve , VOC , Omicron

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