Ringgit likely to fluctuate between 4.22 and 4.24 against the US dollar and trade sideways ahead of key Fed meeting

KUALA LUMPUR (Bernama): The ringgit is expected to trade within a narrow range from Monday onwards (June 16 ), as investors remain cautious amid ongoing global inflation concerns, said an analyst.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that the local currency is likely to fluctuate between 4.22 and 4.24 against the US dollar.