Stronger ringgit against US dollar


ActivTrades trader Dyogenes Rodrigues Diniz said the US dollar/ringgit resumed its downtrend that had been in place since last year and would likely stay intact as all the signals pointed to a devaluation of the US dollar against the ringgit.

KUALA LUMPUR: The ringgit is likely to trade higher against the US dollar this week as the greenback is expected to continue its downtrend, said a dealer.

ActivTrades trader Dyogenes Rodrigues Diniz said the US dollar/ringgit resumed its downtrend that had been in place since last year and would likely stay intact as all the signals pointed to a devaluation of the US dollar against the ringgit.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
ringgit , US , dollar , stronger , ActivTrades , Federal reserve ,

Next In Business News

Infomina finds a place in the Sun
Tariff ruling fuels US$30 trillion bond-market angst by hitting US deficit
KJTS’ cooling story loses heat
OpenAI targets US$280bil in revenue by 2030
Minister touts local capacity amid import deal
Labour market to hold steady amid challenges
AI poised to reshape accounting
Traceability reshapes consumer behaviour, supply chains
SunCon poised for record-high earnings
Boaz Weinstein’s Saba, Cox launch tender offer for Blue Owl BDCs

Others Also Read