Ringgit set to trade 4.07-4.10 against US dollar


“Assuming that no surprises emerge from the US data this week, I expect the ringgit/US dollar to continue moving between the 4.09 and then 4.07 level next week, ” OANDA senior market analyst for Asia-Pacific Jeffrey Halley said.

KUALA LUMPUR: The ringgit is expected to witness cautious trading against the greenback this week on the possibility of higher 10-year US Treasury yields, which will likely increase the risk appetite for the US dollar, according to an analyst.

“Assuming that no surprises emerge from the US data this week, I expect the ringgit/US dollar to continue moving between the 4.09 and then 4.07 level next week, ” OANDA senior market analyst for Asia-Pacific Jeffrey Halley said. — Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

ringgit , dollar , trade , OANDA , Jeffrey Hailey , treasury , yields ,

   

Next In Business News

Impiana Hotels secures 5-year contract to manage Petronas leadership centre
Serba Dinamik appoints Nexia as new external auditors
F&N posts higher sales in Q3, but rising costs dent earnings
Political turmoil weighs on Bursa
As China's recovery wobbles, economists expect more policy easing
Thai c.bank holds key rate at record low amid COVID-19 surge
Sony posts Q1 profit jump on pandemic demand for devices and content
LBS Bina records property sales of RM684m as at end-July
Airline industry statistics confirm 2020 as worst year on record
Merchantrade Asia, NPCI offer real-time remittances to India

Stories You'll Enjoy


Vouchers