Ringgit seen to trade on downward bias from Monday (Sept 5) onwards

KUALA LUMPUR, Sept 4 (Bernama): The ringgit is likely to trade on a downward bias against the US dollar this week due to the possibility of the United States (US) Federal Reserve (Fed) raising interest rates.

Juwai IQI global chief economist Shan Saeed said the Fed’s hawkish stance to emphasise on higher interest rates will likely continue for some time to contain inflation in the US.