Ringgit likely to trade between RM4.57 and RM4.60 against the US dollar this week

KUALA LUMPUR (Bernama): The ringgit will likely stay within a narrow range of RM4.57 to RM4.60 against the US dollar this week due to the global market indicating a stronger greenback, said an analyst.

Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said financial markets seemed anxious about the global growth prospects when China reported a decline in their exports for three months in a row and negative consumer price index (CPI) print this week.