Ringgit seen to be in down trend next week due to global economic tensions


At 9.03 am (0103 gmt), the ringgit was quoted at 4.0530/0600 against the greenback compared with Tuesday 's close of 4.0445/0485.

KUALA LUMPUR: The ringgit's movement next week is expected to remain on a downtrend, in line with most Asian currencies, due to emerging tensions in the global economy, including Brexit.

FXTM Global Head of Currency Strategy and Market Research Jameel Ahmad said the return of global market uncertainty over Brexit as a dominant theme represents a risk, weighing on demand for emerging markets next week.

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