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Bursa to trade in narrow range next week, ringgit in positive mood


  • Markets
  • Saturday, 8 Dec 2018

“However, traders need to remember that the ringgit is directly affected by fluctuation of oil prices. Lower oil prices will affect the ringgit's performance,” he said.  Innes said that a weaker US dollar was expected as traders were anticipating a number of interest rate increases by the US Federal Reserve next year.

“However, traders need to remember that the ringgit is directly affected by fluctuation of oil prices. Lower oil prices will affect the ringgit's performance,” he said. Innes said that a weaker US dollar was expected as traders were anticipating a number of interest rate increases by the US Federal Reserve next year.

KUALA LUMPUR: Bursa Malaysia will likely continue to trade within a narrow range next week, hovering between the 1,680 and 1,700 levels, mainly driven by volatility in the external market.

Rakutan Trade Sdn Bhd Head of Research Kenny Yee said major factors emanating from the US-China 90-day truce to resolve their differences over trade would have an impact on the market.

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