Ringgit to trade with upward bias versus US dollar ahead of Fed decision

KUALA LUMPUR, March 18 (Bernama): The ringgit is expected to trade in cautious mode with an upward bias against the US dollar next week ahead of a decision by the United States Federal Reserve (Fed) on its monetary policy.

Bank Muamalat Malaysia Bhd chief economist & social finance Dr Mohd Afzanizam Abdul Rashid said the market will continue to endure periods leading to the Federal Open Market Committee (FOMC) meeting in the mid-week.