Ringgit set to stay firm with upside bias against US dollar next week


KUALA LUMPUR: The ringgit is expected to stay firm with an upside bias against the greenback next week, ahead of the release of US central bank meeting minutes and the US personal consumption expenditures inflation report.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid reckons that the prevailing upward trend of the ringgit will continue due to continued concerns over the US fiscal position.

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