Ringgit to see little movement, Bursa on uptrend next week

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: The ringgit is expected to see little movement next week as traders are likely to remain quiet ahead of the Christmas holiday, a dealer said.

“We expect activity across markets to drop next week as investors remain on the fence ahead of the upcoming Christmas holiday break,” FXTM Research Analyst Lukman Otunuga said.