PETALING JAYA: Mixed doubles shuttlers Chen Tang Jie-Toh Ee Wei brought cheers on Merdeka day when they stormed into the final of the Korean Open.
KUALA LUMPUR: The ringgit is expected to trade higher against the US dollar next week on a sustained demand for the local currency.
He also noted that among the economic data to be monitored next week are Bank Negara Malaysia's Monetary Policy Committee Meeting and the US' non-farm payrolls. Meanwhile, AmBank Group said the ringgit could further strengthen moving forward and is unlikely to return last few weeks' gains due to healthy fundamentals as well as in view of the US Federal Reserve's move to start its interest rate cutting cycle.
Also, it noted that interest rate cut by the US Federal Reserve without the possibilities of the US economy to slip into recession would bode well for risk appetite and that should bring some allure for emerging market assets including ringgit denominated assets.buying amount to RM2.53 billion on a year-to-date basis. Coupled with Malaysia’s relatively healthy credit sovereign rating, we think portfolio inflows into Malaysia should bode well for the ringgit,” it added.
Ringgit US Dollar Mohd Afzanizam Abdul Rashid Ambank Group.
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