Ringgit seen to trade sideways next week

At 9.03 am (0103 gmt), the ringgit was quoted at 4.0530/0600 against the greenback compared with Tuesday 's close of 4.0445/0485.

KUALA LUMPUR: The ringgit is likely to trade sideways with a downside bias against the US dollar next week, a dealer said.

MIDF Amanah Investment Bank Chief Economist Dr Kamaruddin Mohd Nor said the ringgit movement was influenced by the strengthening US dollar amid the US-China trade tensions over the past few months.