Ringgit to continue uptrend against the greenback this week

Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the latest news that the Omicron variant might be less lethal than its predecessors suggested that the reopening of the economy would continue to progress well, resulting in more lively economic activities.

KUALA LUMPUR: The ringgit is expected to extend its uptrend momentum against the US dollar this week, riding on positive market sentiment as fears over Omicron subside.

Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the latest news that the Omicron variant might be less lethal than its predecessors suggested that the reopening of the economy would continue to progress well, resulting in more lively economic activities.