Ringgit, emerging market currencies to trade in volatile mode amid Covid-19 fears | Malay Mail

📆 21-03-20 07:45:00
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KUALA LUMPUR, March 21 — The local note is expected to trade in volatile mode in line with other emerging market (EM) currencies as the global economy continues to be under pressure as Covid-19 fears continue to grip global markets. FXTM Market Analyst Han Tan said global investors will be...

Saturday, 21 Mar 2020 10:11 AM MYT

FXTM Market Analyst Han Tan said global investors will be looking out for further signs of the economic carnage caused by Covid-19, while awaiting data on Purchasing Managers’ Index , retail spending and external trade figures expected to be announced next week. For the week ahead, he said that the continued easing of the USD-funding stress could push the USD/MYR closer back towards the 4.30 psychological level.

On the oil front, benchmark Brent crude was recorded at US$34.52 per barrel before sliding to US$28 per barrel yesterday.

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