Ringgit likely to trade range bound with slight appreciation vs US dollar this week and trade around 4.71

KUALA LUMPUR (Bernama): The ringgit is expected to trade range-bound with a slight appreciation against the US dollar from Monday (Feb 5) onwards, said an analyst.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is anticipated to trade between RM4.71 and RM4.72 per US dollar as investors digest the United States (US) nonfarm payroll data on Friday.