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
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