Ringgit likely to stay weaker next week amid US-China trade deal optimism


KUALA LUMPUR: The ringgit is expected to stay weaker in the near term, given the optimism that a trade deal between the United States (US) and China, and perhaps the rest of the world, would be achieved within the 90-day pause period.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that the US-China talks by the end of the week may have spurred interest in the greenback.

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