Ringgit likely to trade 4.21-4.23 vs US dollar next week


KUALA LUMPUR: The ringgit is expected to trade within a narrow range of RM4.21 to RM4.23 against the US dollar next week, supported by demand for the local note and key US economic data releases.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said market attention will focus on US labour data, including the job openings and labour turnover survey, the ADP employment change, and nonfarm payroll figures.

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