Rising US-China trade tension drags ringgit lower against US dollar | Malay Mail

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KUALA LUMPUR, July 23 — The ringgit reversed yesterday’s gains to end slightly lower against the US dollar today as market sentiment was weighed by the escalating tensions between the United States (US) and China, a dealer said. As at 6pm, the local unit ended at 4.2560/2610 against the...

Thursday, 23 Jul 2020 06:59 PM MYT

As at 6pm, the local unit ended at 4.2560/2610 against the greenback compared with 4.2505/2545 yesterday. As for tomorrow, Innes said the fundamental drivers of the ringgit are expected to look good as oil markets are stabilising at the top of recent ranges, while commodities are flourishing as a result of the weaker dollar.

 

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