Ringgit likely to trend higher against US dollar the coming week

KUALA LUMPUR, Jan 16 (Bernama): The ringgit is likely to trend higher this week in the range of RM4.16 to RM4.17, with the market adopting a cautious stance prior to Bank Negara Malaysia's (BNM) economic assessment on Thursday (Jan 20).

Bank Islam Bhd chief economist Mohd Afzanizam Abdul Rashid said all eyes would be on BNM’s Monetary Policy Committee meeting on Jan 20.