Ringgit ends marginally lower against US dollar | Money malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR, Aug 14 The ringgit is expected to trade between RM4.23 and RM4.24 against the US dollar next week due to lacklustre sentiment in the global oil market, said Bank Islam Malaysia Bhd economist Adam Mohamed Rahim. He said market sentiments will continue to be affected in an already.
Bursa Malaysia is expected to continue the cautious sentiment going into next week, with the benchmark index hovering within a range of between 1,495 and 1,515 points, a dealer said.
THE ringgit and the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) are expected to trade mixed this week as investors wait for fresh catalysts. All eyes will be on the latest political development as Opposition leader Datuk Seri Anwar Ibrahim is expected to have an audience with the King tomorrow, prompting the investors to adopt a wait-and-see approach in addition to rising Covid-19 infections both locally and abroad.
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today as the greenback strengthened against commodity currencies, underpinned by recovery optimism.