Ringgit likely to trade in cautious mode against US dollar next week

A moneychanger worker showing the ringgit and US dollar notes in Kuala Lumpur. -MUHAMAD SHAHRIL ROSLI/The Star.

KUALA LUMPUR, June 11 (Bernama): The ringgit is expected to trade in cautious mode against the US dollar next week, said an analyst.

He said the United States Federal Open Market Committee (FOMC) is expected to deliver another half-a-point rate hike to cool soaring inflation in the country when it wraps up its meeting on June 14-15, 2022.