The lack of local positive catalysts coupled with the high number of Covid-19 cases would dampen investors’ confidence and they may adopt a wait-and-see approach, the trader explained.
KUALA LUMPUR: The ringgit is expected to trade at current levels this week and is poised to reach the 4.30 level against the US dollar should risk-on sentiment hold and oil prices continue to decline, according to a trader.
The lack of local positive catalysts coupled with the high number of Covid-19 cases would dampen investors’ confidence and they may adopt a wait-and-see approach, the trader explained.
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