KUALA LUMPUR, July 21 — The ringgit ended lower against the US dollar today as ongoing sentiment over the hike of Covid-19 cases continues to weigh down the currency, despite a higher oil price, traders said.
OANDA Asia Pacific senior market analyst Jeffrey Halley said investors were seen continuing to move out of Asean markets fearing that the Covid-19 Delta variant will delay the region’s post-pandemic recovery. “Assuming the negative sentiment persists should the cases remain high in Malaysia, we expect the US dollar against ringgit to test 4.2500 this week and 4.3000 next week,” he told Bernama.
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