Ringgit seen trading at range-bound at RM4.38 to RM4.40 against the US dollar this week

KUALA LUMPUR, May 22 (Bernama): The ringgit is expected to move range-bound between RM4.38 and RM4.40 against the US dollar this week as investors mull cutting their long US dollar exposure in G10 currencies due to rising worries over a possible global recession, said an analyst.

The G10 is a grouping of industrialised countries, whose members include the United States, the United Kingdom, Japan, and France.