Ringgit likely to trade range-bound this week ahead of US economic data

KUALA LUMPUR (Bernama): The ringgit is expected to trade range-bound ahead of the next set of tier-one United States (US) economic data this Friday of which, the key US non-farm payroll (NFP) will be released, an analyst said.

SPI Asset Management managing director Stephen Innes said the data print would be very important for forex markets as it could determine how soon the US Federal Reserve would cut interest rates if it comes in below expectations.