Ringgit likely to trade on softer note this week, may be pressured to go above RM4.5 against the dollar

KUALA LUMPUR (Bernama): The ringgit is expected to trade on a softer note against the US dollar, remaining within a narrow range this week.

UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said the United States economic data, particularly jobless claims, are anticipated to show continued improvement after the weekly jobless claims last week dropped by 9,000 to 211,000, which is an eight-month low.