Ringgit to hover around RM4.24 to RM4.25 and expected to stay defensive due to Middle East conflict


KUALA LUMPUR (Bernama): The ringgit is expected to stay defensive within a tight range this week, as traders and investors will continue to observe the military conflict in the Middle East, said an analyst.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that the Israel-Iran war continues to take centre stage as the United States is still weighing its options to participate in the conflict.

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