Ringgit seen trading range-bound at RM4.38-RM4.40 against US dollar next week


KUALA LUMPUR: The ringgit is expected to move range-bound between RM4.38 and RM4.40 against the US dollar next week as investors mull cutting their long US dollar exposure in G10 currencies due to rising worries over a possible global recession, said an analyst.

The G10 is a grouping of industrialised countries, whose members include the United States, the United Kingdom, Japan, and France.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Ringgit , US dollar , FX , Weekly , recession , China , Stephen Innes

   

Next In Business News

Solarvest acquires 30% equity in waste gas abatement machine manufacturer
Indonesia expects US$1bil investment commitment from Apple in a�week
Utility, plantation stocks lead Bursa to close at intraday high
MMAG appointed dedicated narrow body freighter operator for MAB Kargo
PJBumi unit inks collaboration with Intlef Oil
VS Industry projects higher sales amid demand recovery
Radium unit to acquire Selangor land for RM45mil
Oil prices nudge higher ahead of Opec+ meeting
Asian stocks climb on Wall Street lead; yuan, euro sag
What’s next for Google’s search monopoly

Others Also Read