KUALA LUMPUR (Bernama): The ringgit is expected to remain steady and trade within the 4.10-4.12 range against the US dollar this week, supported by market expectations of an interest rate cut by the US Federal Reserve (Fed) at its upcoming Federal Open Market Committee (FOMC) meeting.
Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid said most traders and investors anticipate the Fed will deliver a 25-basis-point cut at the meeting scheduled for Dec 9-10.
