Local note’s medium-term outlook is still bearish says Hong Leong Bank. FMTNews
KUALA LUMPUR: The ringgit opened lower against the US dollar today in quiet trading as the greenback remained steady in light holiday trading on Christmas amid positive developments surrounding the US-China trade deal, a dealer said.
Hong Leong Bank Bhd in a note said the ringgit is expected to continue hovering within 4.1300-4.1500 for the remainder of this week in a muted trading week as the year comes to an end. On the trade front, US President Donald Trump said on Tuesday that there will be a signing ceremony for him and Chinese President Xi Jinping to ink the recently announced phase one trade deal,
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