This article is 4 years old
Ringgit's uptrend likely to continue next week
The ringgit is likely to continue strengthening against the US dollar next week, riding on upbeat unemployment rate data, the anticipation of better-than-expected second-quarter (Q2) gross domestic product (GDP) data and a weaker greenback, dealers said.
Nevertheless, investors would keep an eye on the trade talks between high-level officials of the United States (US) and China, which would be held on Aug 15 to review the implementation of the Phase 1 trade agreement inked in mid-January.
Verifying user
RM12.50 / month
- Unlimited access to award-winning journalism
- Comment and share your opinions on all our articles
- Gift interesting stories to your friends
- Tax deductable