Ringgit expected to trade in tight range next week


KUALA LUMPUR: The ringgit is expected to trade within a tight range next week as investor focus shifts to the United States’ anticipated interest rate cut.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit may climb higher after breaching the RM4.20 level, especially if the US Federal Reserve quarterly projections signal a more dovish stance.

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