Malaysian ringgit to remain weak against US$ next week

The central bank will hold its second Monetary Policy Committee meeting of the year on March 2 and March 3. 

KUALA LUMPUR: The ringgit is expected to remain on the weaker side of 4.20 versus the US dollar next week amid a lack of positive catalysts.

FXTM market analyst Han Tan said the uncertainties surrounding the make-up of the new government and its potential policy offerings would only serve to further dampen Malaysian assets that had already been battered by COVID-19 fears.