Ringgit likely to trade higher against US dollar next week | Malay Mail

On a Friday-to-Friday basis, the ringgit was broadly higher against the US dollar at 4.1630/1680 from 4.1780/1800 in the previous week. — Reuters pic

Following the speech, the US yield curve steepened with 30-year rates rising more than the two-year short-end, lifting the US dollar with it. Meanwhile, Bank Negara Malaysia announced yesterday that Malaysia’s international reserves remained usable as at end-July 2020, with official reserve assets at US$104.21 billion , in accordance with the International Monetary Fund’s Special Data Dissemination Standard format, which is higher compared with US$103.4 billion as at June 30.

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