Ringgit's uptrend likely to continue next week

The ringgit is likely to continue strengthening against the US dollar next week, riding on upbeat unemployment rate data, the anticipation of better-than-expected second-quarter (Q2) gross domestic product (GDP) data and a weaker greenback, dealers said.

Nevertheless, investors would keep an eye on the trade talks between high-level officials of the United States (US) and China, which would be held on Aug 15 to review the implementation of the Phase 1 trade agreement inked in mid-January.