Ringgit expected to trade 4.07-4.10 against the US dollar next week

KUALA LUMPUR, May 1 (Bernama): The ringgit is expected to witness cautious trading against the greenback next week on the possibility of higher 10-year United States (US) Treasury yields, which will likely increase the risk appetite for the US dollar, an analyst said.

"Assuming that no surprises emerge from the US data this week, I expect the ringgit/US dollar to continue moving between 4.09 and then 4.07 level next week,” OANDA senior market analyst for Asia Pacific, Jeffrey Halley, told Bernama.