Rising ringgit set go below 4.2 against the dollar and remain strong next week

KUALA LUMPUR (Bernama): The ringgit is anticipated to move on a continued bullish bias this week, trading at 4.1875 to 4.2025 against the US dollar, said an analyst.

SPI Asset Management managing director Stephen Innes said massive moves on the ringgit in the past week reminded markets just how deeply undervalued the local unit was, held back by higher United States short-term rates.