Rising up - Ringgit poised to trend higher to 4.65 against US dollar this week


KUALA LUMPUR (Bernama): The ringgit is poised to trend higher this week to 4.65 against the US dollar, supported by positive economic indicators, said an investment bank.

Kenanga Investment Bank Bhd said the indicators include stable labour market conditions, record-high distributive trade sales values and Bank Negara Malaysia’s status quo on the Overnight Policy Rate (OPR).

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