Ringgit to continue rising - Malaysian currency to trade below 4.30 against US dollar from Tuesday (Sept 17)


KUALA LUMPUR (Bernama): The ringgit is expected to continue its uptrend this week, trading at 4.28 to 4.29 against the US dollar, ahead of the United States (US) Federal Open Market Committee (FOMC) meeting on Sept 17-18.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that with the US Federal Reserve (Fed) on track to cut the interest rate next week, the ringgit could stage further appreciation during the holiday-shortened week.

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