Ringgit to move higher this week and stay within 4.4100 to 4.4200 range with GDP print in focus

KUALA LUMPUR, May 7 (Bernama): The expected pause in the US Fed Funds Rate is projected to lead to a weaker US dollar in the near term, thus continuing to boost the ringgit’s appeal this week.

Bank Muamalat Malaysia Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid believes the ringgit will be able to traverse its immediate support level of 4.4254 and would linger around 4.4100 to 4.4200 next week.