Ringgit likely to trade RM4.57 to RM4.60 against US dollar

KUALA LUMPUR: The ringgit will likely stay within a narrow range of RM4.57 to RM4.60 against the US dollar this week due to the global market indicating a stronger greenback, says an analyst.

Bank Muamalat Malaysia Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid said financial markets seemed anxious about the global growth prospects when China reported a decline in its exports for three months in a row and negative consumer price index print last week.