Adam said the ringgit could see some tailwind as the market is expected to be calmer since Istana Negara has released the statement on who will be the next prime minister.
KUALA LUMPUR: The ringgit is expected to trade between RM4.23 and RM4.24 against the US dollar this week, with the market expected to be calmer after the country’s latest political development, said Bank Islam Malaysia Bhd
economist Adam Mohamed Rahim.
On Friday, Istana Negara announced that the Yang di-Pertuan Agong has appointed Datuk Seri Ismail Sabri Yaakob as the new Prime Minister after he gained support from 114 Members of Parliament.
