Cautious investor sentiment set to continue and ringgit to stay defensive this week; to trade around 4.43-4.44 range against US dollar


  • Nation
  • Sunday, 16 Mar 2025

KUALA LUMPUR (Bernama): The ringgit is expected to remain defensive within the 4.43-4.44 range against the US dollar this week, as cautious investor sentiment continues to strengthen demand for the greenback as a safe-haven currency, said an analyst.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that the next trend in the currency market will be predicated on the upcoming Federal Open Market Committee meeting on March 18-19.

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