Ringgit likely to see range-bound trading next week

A moneychanger worker showing the ringgit and US dollar notes in Kuala Lumpur. - MUHAMAD SHAHRIL ROSLI/The Star.

KUALA LUMPUR, July 4 (Bernama): The ringgit is expected to trade in range-bound mode against the US dollar next week as investors await the upcoming overnight policy rate (OPR) decision by the central bank.

An analyst said the announcement would be key in determining the economic position in the next several months as the banking moratorium would end in September.