Ringgit seen holding steady against US dollar next week


KUALA LUMPUR: The ringgit is expected to linger around at 4.21 to 4.22 against the US dollar next week but with an upside bias for the greenback after Friday’s US non-farm payrolls (NFP) unexpectedly rose sharply by 254,000 jobs in September.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the stronger-than-expected US jobs reading is likely to further enhance the appeal of the American dollar.

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