Risk assets and oil prices may be hit, taking down currencies of commodity producing countries, especially the Russian ruble, Colombian peso and ringgit, according to Bloomberg.
KUALA LUMPUR: AmBank Research expects the ringgit to trade between the support levels of 4.0557 and 4.0595 while its resistance is pegged at 4.0711 and 4.0777 to the US dollar.
The research unit said focus for the day will be on the US July ISM Manufacturing PMI, China July Caixin Manufacturing PMI and Malaysia July Nikkei Manufacturing PMI.
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