Ringgit likely to trade in tight range this week; trading set to be between RM4.63 and RM4.65


KUALA LUMPUR (Bernama): The ringgit is likely to stay in a tight range between RM4.63 and RM4.65 against the US dollar this week amid cautious market sentiment.

Bank Muamalat Malaysia Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid said investors are expected to take fresh leads from the United States Federal Reserve (US Fed) chair Jerome Powell’s speech at last night’s Jackson Hole Symposium.

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