Ringgit to dip as fear of Wuhan virus grip global markets
The Wuhan virus outbreak can prolonged pullback in global manufacturing activity due to an expected slump in demand, dampening the economy. – The Malaysian Insight file pic, February 1, 2020.
AS the novel coronavirus continues to grip global fears, the ringgit is expected to test the psychological level of 4.10 next week, with a downtrend momentum in the offing. FXTM market analyst Han Tan said during the holiday-shortened week due to the Lunar New Year, investors had to deal with troubling headlines surrounding the coronavirus outbreak, causing a risk sentiment.
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