Ringgit to trade in tight range with downward bias

Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid (pic) said the ringgit moved in a narrow range last week and the trend is expected to continue

PETALING JAYA: The ringgit is expected to trade in a tight range with downside bias at between 4.18 and 4.19 against the US dollar this week.

The local unit will largely be US dollar-driven as the market continues to digest domestic and global economic data.