Saturday, 20 Feb 2021 10:59 AM MYT
The local note was traded mostly higher against other major currencies. AFP pic
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KUALA LUMPUR, Feb 20 The ringgit is expected to continue its positive momentum against the US dollar next week, driven by bullish outlook on the global economic development, a dealer said.
Axi chief global market strategist Stephen Innes said the rise in US yields will likely pause, which would allow the local currency market to breath a little freer.
“The Yuan has started to rally again, bouncing off three-week lows, which is generally a favourable signal for the ringgit,” he told Bernama.