Ringgit to hover between RM4.19 and RM4.21 and trade in a tight range this week

KUALA LUMPUR (Bernama): The ringgit is expected to trade within a tight range this week as investor focus shifts to the United States’ anticipated interest rate cut.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit may climb higher after breaching the RM4.20 level, especially if the US Federal Reserve quarterly projections signal a more dovish stance.