Friday, 23 Oct 2020 06:42 PM MYTKUALA LUMPUR, Oct 23 — The ringgit continued to soften against the US dollar with uncertainties over the US stimulus deal and in the domestic political landscape contributing to a risk-off mood.
Bank Islam chief economist Mohd Afzanizam Abdul Rashid said the greenback was gaining strength as investors kept their eyes on the progress of the Covid-19 relief package deal. Prime Minister Tan Sri Muhyiddin Yassin met with the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah today.
Axi chief global market strategist Stephen Innes said the dollar could strengthen further versus the ringgit until clarity on this matter was offered up.
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