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.