Ringgit likely to decline even further against US dollar this week


KUALA LUMPUR, July 24 (Bernama): The ringgit is likely to continue its decline against the US dollar next week due to higher inflation, said an analyst.

SPI Asset Management managing partner Stephen Innes said the ringgit may also struggle to hold onto gains due to various negative risk events, namely the concern about the increase in Covid-19 cases in China.

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Ringgit , US dollar , inflation , Yuan , Covid-19 , FOMC , Stephen Innes

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