Ringgit to trade in tight range versus US dollar from Monday (April 12)


KUALA LUMPUR, April 11 (Bernama): The ringgit is expected to trade in a tight range against the US dollar the coming week week at between 4.1275 and 4.1475 as the market cautiously monitors US Treasury yields and oil prices, said AxiCorp chief global market strategist Stephen Innes.

The latest news of China’s higher inflation in March due to the surging commodity costs would also have an influence on the ringgit’s performance next week, he said.

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