Ringgit likely in range-bound trading this week; to stay within the RM4.63 and RM4.65 range

KUALA LUMPUR (Bernama): The ringgit is expected to trade range-bound with a downward bias against the US dollar this week as the greenback may gain support surrounding global economic uncertainties, an analyst said.

Bank Muamalat Malaysia Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid said the local currency is expected to trade between 4.63 and 4.65 in the upcoming week.