KUALA LUMPUR: The ringgit is likely to remain defensive within the 4.41 to 4.45 range against the US dollar this week, underpinned by Bank Negara’s recent policy status quo and Malaysia’s solid macro outlook.
Kenanga Investment Bank Bhd
said a non-farm payroll ( P) print near 100,000 could reinforce expectations of an additional US Federal Reserve (Fed) rate cut, potentially weakening the US dollar and supporting the ringgit.
