Ringgit to trade with upside bias vs the dollar from Monday (April 17) onwards; to trade between 4.3750 to 4.4000

KUALA LUMPUR, April 16 (Bernama): The ringgit is expected to trade with upside bias against the US dollar this week, moving in the range of 4.3750 to 4.4000, an analyst said.

SPI Asset Management managing director Stephen Innes said the greenback is expected to trade off the back foot in the future on heightened expectations of a pause to the United States (US) Federal Reserve’s (Fed) rate-hike cycle amid signs of cooling inflation.