KUALA LUMPUR, Nov 22 — The ringgit ended easier against the US dollar today as the greenback continues its bullish trend and oil remained under pressure.
However, Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the ringgit is making a little progress compared to early morning performance, suggesting that there could be buying interest as the local unit is already hovering within the oversold zone. In addition, investors are closely monitoring Federal Open Market Committee minutes, which will be published on Thursday and also on US core personal consumption expenditures on Wednesday, he told Bernama.
“There has been an increase in new Covid-19 cases and the subsequent measures to restrict human mobility in certain jurisdiction such as Austria and Belgium.
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