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.