Ringgit seen trading softer at 4.70 to 4.71 against US dollar this week


KUALA LUMPUR (Bernama): The ringgit is likely to trade softer against the US dollar this week, moving between RM4.70 and RM4.71 with the Reserve Bank of Australia’s interest rate decision in focus, said an analyst.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US retail sales and purchasing managers' indices, Europe’s consumer price and economic data from China will be among the key focus for next week.

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