Ringgit poised for technical correction


Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid (pic) said in light of the recent appreciation, there could be a possibility that the ringgit might experience some correction on profit-taking activities.

PETALING JAYA: The ringgit is expected to experience some technical correction in the coming days, trading in the range of 4.1650 to 4.1750 against the United States dollar, an analyst says.

Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid (pic) said in light of the recent appreciation, there could be a possibility that the ringgit might experience some correction on profit-taking activities.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
ringgit , dollar , technical correction , Bank Islam ,

Next In Business News

Ringgit to trade in tight range between RM3.95 and RM3.96 next week
McDonald’s Malaysia to invest RM1bil over five years, open 100 restaurants
Nestle Malaysia and UPM Launch Halal@STEM Programme for Students
The festive cash tsunami
Building adaptation –the way forward
Youths say no to home buying
Creador Foundation, Censuria make strategic investments in local cafe chain Hock Kee Kopitiam
Inflation forecasts see-saw
Investors chase broadening markets
A question of adequate coverage

Others Also Read