Ringgit to trend downwards as coronavirus fears grip global markets | Malay Mail

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KUALA LUMPUR, Feb 1 — As the 2019 novel coronavirus continues to grip global fears, the ringgit is expected to test the psycological level of 4.10 next week, with a downtrend momentum in the offing. FXTM market analyst Han Tan said during the holiday-shortened week due to the Lunar New Year,...

Saturday, 01 Feb 2020 10:33 AM MYT

FXTM market analyst Han Tan said during the holiday-shortened week due to the Lunar New Year, investors had to deal with troubling headlines surrounding the coronavirus outbreak, causing a risk sentiment. Tan added that should fears over the outbreak threaten a prolonged pullback in global manufacturing activity due to an expected slump in demand, that could dampen the 2020 outlook for the worldwide economy.

 

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