KUALA LUMPUR: The ringgit is expected to ease slightly against the US dollar next week amid subdued demand ahead of the Christmas and New Year breaks, moving between the 4.00-4.15 level.
Speaking to Bernama, Innes said he foresees the ringgit trading in a tight range of 4.1550 and below against the greenback even though the US-China trade deal had made some positive development. He said the economic prints would be set against the optimism surrounding the US-China trade deal that is expected to be signed next month, with markets adopting a risk-on tone as fears over a global recession subside.“For the week ahead, the immediate support level for the US dollar-ringgit could be drawn at 4.12 in the event of more dollar weakness.
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