Ringgit to extend gains, KLCI to test key 1,700 level

This was achieved as the FBM KLCI staged a steady rebound after the Government unveiled more solid measures to strengthen the economy. At 5pm, the index was up 21.34 points or 1.24% to 1,740.62.

KUALA LUMPUR: The ringgit is expected to extend its upward momentum next week on stronger buying interest following positive global sentiment, said a dealer. 

He said the continued increase in oil prices, coupled with expectations of the US Federal Reserve (Fed) putting on hold its rate tightening cycle in 2019, would improved risk appetite and boost demand.