KUALA LUMPUR (Bernama): The ringgit is expected to hover between RM4.20 and RM4.22 this week as traders and investors remain cautious over the trajectory of US interest rates.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the release of the US Federal Open Market Committee (FOMC) meeting minutes next Thursday, Aug 20 (Wednesday, Aug 19, in the US) could offer more clarity on the state of the US economy, particularly after two FOMC members dissented from the recent decision and favoured a 25-basis-point rate cut.
