Ringgit set to extend gains this week on expected US interest rate cut; support level to be around RM4.65

KUALA LUMPUR (Bernama): The ringgit is poised to extend its upward trajectory next week, supported by increasing market anticipation of an imminent interest rate cut by the United States.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that the market expects an interest rate cut by the US, in line with the World Interest Rate Probability (WIRP) forecast.