The ringgit is likely to trade higher against the US dollar next week following the more upbeat outlook for stock markets, said dealers.
Affin Investment Bank vice president and head of retail research Dr Nazri Khan said local stocks would stage a solid rebound on Moody's upgrade of Malaysia's ratings and positive regional strength.
The market will take the cue from China's absence of market reforms, Japanese liquidity pump priming and tame US economic data, which would offset worries that the US Federal government could reduce stimulus sooner than expected, Nazri told Bernama.
During the week, the ringgit was traded mostly lower on the back of negative sentiment in the global market.
On a week-to-week comparison, the ringgit ended the week lower against the US dollar at 3.2140/2170 from 3.2010/2040 last Friday.
The ringgit also weakened against the Singapore dollar to 2.5691/5734 on Friday, down from 2.5629/5663 last Friday.
It was higher against the Japanese yen at 3.1815/1848 from 3.1898/1941 previously.
The local currency reduced against the British pound to 5.2076/2138 on Friday from 5.1408/1466 last Friday, and declined against the euro to 4.3367/3420 from 4.3069/3116 previously
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