Ringgit trade keenly watched


Bank Islam chief economist Mohd Afzanizam Abdul Rashid (pic) said the appreciation of the local note continued since Thursday with the ringgit ending the week at RM4.1300.

PETALING JAYA: The ringgit is likely to trade under pressure against the greenback this week amid profit-taking activities, said an economist.

Bank Islam chief economist Mohd Afzanizam Abdul Rashid (pic) said the appreciation of the local note continued since Thursday with the ringgit ending the week at RM4.1300.

On Friday, the US dollar Index was seen declining to 92.371 despite better-than-expected jobless claims for the week ended Sept 4. He said the speed of the ringgit appreciation has been remarkable. ― Bernama

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