KUALA LUMPUR, May 11 — 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...
The ringgit ended the week weaker against the US dollar, closing at 4.2970/3005, from 4.2560/2600 the preceding week. — Picture by Shafwan ZaidonKUALA LUMPUR, May 11 — The ringgit is expected to stay weaker in the near term, given the optimism that a trade deal between the United States and China, and perhaps the rest of the world, would be achieved within the 90-day pause period.
“China’s trade data during April showed that exports to the US declined 21 per cent, while China’s export growth to ASEAN and the European Union accelerated by 22.5 per cent and 8.3 per cent, respectively.Mohd Afzanizam said next week will focus on the US consumer price index for April 2025, scheduled for release on May 13, 2025, along with retail sales data for April 2025, due May 15, 2025.
Outlook Week Ahead Us Dollar Forex
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