tags - Sinar Daily

The ringgit was almost flat against the US dollar on Monday’s close on a lack of demand and declining oil prices.

Datuk Seri Amirudin Shari (left), Datuk Seri Azmin Ali (right)

Image for illustrative purposes - FILE PIX

Madani supporters have anti-Madani behaviours says Raja Petra - Raja Petra Raja Kamarudin (YouTube)

For illustration purpose

The ringgit opened slightly higher against the US dollar on Tuesday after the release of US ISM manufacturing purchasing managers' index which came in lower than expected at 46.0 points in June, said an economist.

Image for illustrative purposes only. - FILE PIX

Photo for illustrative purpose only - FILE PIX

The ringgit will likely trade in a cautious mode next week with investors eyeing updates on the global economic performance.

Hong Leong Investment Bank Research said in its recent report that it expects the ringgit to have an overall depreciation trend in the second half with an average of USD-MYR 4.67 to reach a 2023 average of 4.56 and year-end target of 4.40.Hong Leong Investment Bank Research said in its recent report that it expects the ringgit to have an overall depreciation trend in the second half with an average of USD-MYR 4.67 to reach a 2023 average of 4.56 and year-end target of 4.40. Photo for illustrative purposes only - 123RF