Ringgit poised for technical correction against US dollar next week


KUALA LUMPUR, Jan 2 (Bernama): The ringgit is expected to experience some technical correction in the coming days, trading in the range of 4.1650 to 4.1750 against the US dollar, an analyst said.

Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said in light of the recent appreciation, there could be a possibility that the ringgit might experience some correction on profit-taking activities.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Vice-premier to visit US ahead of Trump-Xi summit
A clean sweep? Tokyo puts robot bins to the test
Aussie man denies murder charge over teen’s death
Fighting rages after police HQ attack
North rejects nuclear criticism
Justice nominee withdraws in latest fallout
US trade chief pressed Brazil to review Anglo American nickel sale to China
Camera drone crashes into Nagoya city building during Asian Games light show
China authorities aim to launch the revamped Huanggang Port on October 12
Huawei’s US trial puts jury to the test amid China, Iran links

Others Also Read