{"id":9997,"date":"2018-02-10T16:05:07","date_gmt":"2018-02-10T16:05:07","guid":{"rendered":"https:\/\/www.drnazrikhan.com\/?p=614"},"modified":"2025-02-01T09:19:52","modified_gmt":"2025-02-01T01:19:52","slug":"ringgit-to-trade-cautiously-against-us-dollar-next-week","status":"publish","type":"artikel","link":"https:\/\/ddnk.ai\/en\/artikel\/ringgit-to-trade-cautiously-against-us-dollar-next-week\/","title":{"rendered":"Ringgit to trade cautiously against US dollar next week"},"content":{"rendered":"<p><strong>KUALA LUMPUR<\/strong>: The ringgit is expected to trade cautiously against the US dollar next week, influenced by mixed internal and external factors, especially uncertainties in the US market, dealers said.<\/p>\n<p>Affin Hwang Investment Bank Vice-President\/Head of Retail Research, Datuk Dr Nazri Khan Adam Khan, said the local currency may be influenced by external factors, including heavy global stock market sell-off during the week.<\/p>\n<p>He said the sell-off sparked concern among investors and they shifted from riskier assets to safe havens, and this resulted in the local unit to retreat from last week\u2019s gain.<\/p>\n<p>\u201cFor next week, the ringgit is expected to move around 3.900 level against the greenback,\u201d he told<em>Bernama.<\/em><\/p>\n<p>Meanwhile, another dealer said, the ringgit would also be influenced by the Malaysia\u2019s full-year gross domestic product (GDP) growth data, which was scheduled to be announced next Wednesday.<\/p>\n<p>\u201cSome analysts projected the 2017 GDP to grow by 5.8% compared to 4.2% in 2016,\u201d he said.<\/p>\n<p>The ringgit started the week lower against the US dollar, as the greenback benefited from the positive jobs data released a week before.<\/p>\n<p>However, the US dollar experienced a minor technical correction on Tuesday, which resulted in the local currency to recover some lost ground, before completely rebounded on Wednesday, as investors were concerned over the heavy sell-off in the global stock markets.<\/p>\n<p>On a Friday-to-Friday basis, the local note finished at 3.9370\/9410 against the greenback from 3.8850\/8880 the previous week.<\/p>\n<p>The ringgit was, however, mixed against a basket of major currencies.<\/p>\n<p>It declined against the Singapore dollar to 2.9604\/9643 from 2.9575\/9618 the previous week and depreciated against the yen to 3.6096\/6143 from 3.5354\/5387 last week.<\/p>\n<p>However, the local unit went up against the euro to 4.8279\/8344 from 4.8508\/8553 previously and strengthened against the British pound to 5.4795\/4859 from 5.5229\/5283 last week. \u2014\u00a0<em>Bernama<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR: The ringgit is expected to trade cautiously against the US dollar next week, influenced by mixed internal and external factors, especially uncertainties in the US market, dealers said.<\/p>","protected":false},"author":2,"featured_media":664,"parent":0,"comment_status":"open","ping_status":"open","template":"","categories":[44],"tags":[33,35,36,37],"class_list":["post-9997","artikel","type-artikel","status-publish","has-post-thumbnail","hentry","category-artikel-media","tag-bursa-malaysia","tag-nazri-khan","tag-pelabur-global","tag-saham"],"acf":[],"_links":{"self":[{"href":"https:\/\/ddnk.ai\/en\/wp-json\/wp\/v2\/artikel\/9997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ddnk.ai\/en\/wp-json\/wp\/v2\/artikel"}],"about":[{"href":"https:\/\/ddnk.ai\/en\/wp-json\/wp\/v2\/types\/artikel"}],"author":[{"embeddable":true,"href":"https:\/\/ddnk.ai\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ddnk.ai\/en\/wp-json\/wp\/v2\/comments?post=9997"}],"version-history":[{"count":1,"href":"https:\/\/ddnk.ai\/en\/wp-json\/wp\/v2\/artikel\/9997\/revisions"}],"predecessor-version":[{"id":12486,"href":"https:\/\/ddnk.ai\/en\/wp-json\/wp\/v2\/artikel\/9997\/revisions\/12486"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ddnk.ai\/en\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/ddnk.ai\/en\/wp-json\/wp\/v2\/media?parent=9997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ddnk.ai\/en\/wp-json\/wp\/v2\/categories?post=9997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ddnk.ai\/en\/wp-json\/wp\/v2\/tags?post=9997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}