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.
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