FOREX: Ringgit Likely To Be Firmer Against US Dollar Next Week

FOREX: Ringgit Likely To Be Firmer Against US Dollar Next Week
KUALA LUMPUR, Aug 1 (Bernama) -- The ringgit is likely to be firmer against the US dollar next week riding on expectation that the local bourse will continue to stage positive performance, dealers said.They said the ringgit was likely to move between 3.51 and 3.54.A dealer said the ringgit's gain would be driven by strong demand from investors who were expected to put their funds back into the currency market.On week-to-week basis, the ringgit strengthened against the greenback to 3.5210/5240 from 3.5300/5340 last week.Against the Singapore dollar, it was firmer at 2.4411/4455 from 2.4565/4633 last week and against the yen it strengthened to 3.6811/6862 from 3.8092/8150 previously.The ringgit was little changed against the British pound to 5.8227/8298 from 5.8223/8312 previously and rose against the euro to 4.9611/9664 from 5.0323/0400 previously.-- BERNAMA