Ringgit likely to trade on positive note next week ahead of BNM policy decision


KUALA LUMPUR: The ringgit is expected to maintain its positive momentum next week, with the upcoming Bank Negara Malaysia (BNM) Monetary Policy Committee’s (MPC) decision on the overnight policy rate (OPR) on Nov 6 likely to be the main highlight.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is expected to trade between 4.18 and 4.20 against the US dollar next week.

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