KUALA LUMPUR: The ringgit is expected to extend its uptrend momentum against the US dollar this week, riding on positive market sentiment as fears over Omicron subside. He said, to some degree, it would also bolster the case for higher interest rates in both Malaysia and the United States next year. So the ringgit might flirt around that level next week,” he told Bernama. It rose against the Singapore dollar to 3.0887/0954 from 3.0899/0919 last Friday, strengthened vis-a-vis the Japanese yen to 3.6660/6702 from 3.7139/7160, and firmed against the euro to 4.7567/7618 from 4.7805/7828 in the previous week. However, it depreciated against the the British pound to 5.6226/6287 compared with 5.6180/6203 on Friday last week.

Source: The Star December 27, 2021 13:04 UTC