Ringgit likely to trade on upward bias from Monday (Aug 29) onwards

KUALA LUMPUR, Aug 28 (Bernama): The ringgit is expected to trade on an upward bias against the US dollar next week due to apprehension towards the decision to further hike interest rates by the Federal Reserve (Fed), said an analyst.

Putra Business School economic analyst associate professor Dr Ahmed Razman Abdul Latiff said there would be a possibility of an upward trend of the ringgit strengthening against the US dollar due to apprehension towards the decision to hike interest rates by the Fed.