KUALA LUMPUR, Sept 11 — The ringgit is likely to trade under pressure against the greenback next week amid profit-taking activities, said an economist.
Today, the US dollar Index was seen declining to 92.371 despite better-than-expected jobless claims for the week ended September 4. “Hence, markets shall see whether such thesis would last despite the high vaccination rate in the developed countries. Mohd Afzanizam added that in the event this happens, talks of asset purchases would resurface again, resulting in volatile movement in the currency market.For the week just ended, the local note was traded mostly higher throughout the week as the greenback continued to fall.
Like all good currencies, Ringgit wants to run and hide as thieves and scoundrels take key positions in govt and economy. Who can blame it 🤷♂️
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