Ringgit likely to be traded in cautious mode against US this week; to be traded around 4.73 to 4.74 range

KUALA LUMPUR (Bernama): The ringgit is expected to be traded in a cautious mode against the US dollar this week as traders seek fresh leads from more significant economic data.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said market participants would digest major data, including the United States (US) data on the Producer Price Index, Consumer Price Index and Retail Sales, to build their conviction.