Ringgit likely to trade around 4.72-4.73 against US dollar this week

KUALA LUMPUR (Bernama): The ringgit is anticipated to trade around the 4.72 to 4.73 range this week, with a limited downside as the local note is technically in an oversold position, said an analyst.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said investors are focused on the incoming United States (US) data, especially the US Nonfarm Payroll (NFP) in January.