Ringgit seen having upward bias versus US dollar this week ahead of Fed decision; to stay at RM4.6611 support level

KUALA LUMPUR (Bernama): The ringgit is expected to trade in cautious mode with an upward bias against the US dollar this week ahead of a decision by the US Federal Reserve (Fed) on its monetary policy.

Bank Muamalat Malaysia chief economist Mohd Afzanizam Abdul Rashid said the focus next week will be on the US Federal Open Market Committee (FOMC) meeting on Dec 12-13 which will decide on interest rates.