KUALA LUMPUR, Oct 30 — The ringgit is expected to trade in a range with appreciation bias against the US dollar next week, given that the tabling of Budget 2022 will continue to spur positive sentiment towards the Malaysian economy, an analyst said. On Friday, Finance Minister Tengku Datuk Seri...
KUALA LUMPUR, Oct 30 — The ringgit is expected to trade in a range with appreciation bias against the US dollar next week, given that the tabling of Budget 2022 will continue to spur positive sentiment towards the Malaysian economy, an analyst said.
He said that for next week, investors will focus on Bank Negara Malaysia’s Monetary Policy Committee meeting on Wednesday. Meanwhile, the Department of Statistics Malaysia on Thursday announced that Malaysia’s total trade expanded by 25.5 per cent year-on-year to RM195.5 billion in September 2021 as the country’s exports and imports recorded strong double-digit growth.
On a weekly basis, the ringgit rose 100 basis points to 4.1390/1415 versus the greenback on Friday from 4.1490/1520 a week earlier.
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