Ringgit likely to to trend between 4.30 and 4.33 against US dollar this week amid US-China trade deal optimism

KUALA LUMPU (Bernama): The ringgit is expected to stay weaker in the near term, given the optimism that a trade deal between the United States (US) and China, and perhaps the rest of the world, would be achieved within the 90-day pause period.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that the US-China talks by the end of the week may have spurred interest in the greenback.