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Ringgit to move in narrow range

Ringgit to move in narrow range
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Ringgit likely to trade in narrow range of 4 73 to 4 74 versus the US dollar this week

The ringgit is expected to trade in a narrow range of 4.73 to 4.74 against the US dollar next week, with technical analysis suggesting the US$/MYR to be in the neutral zone, said Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid.

Ringgit likely to continue uptrend against US dollar this week; to trend between 4 67 and 4 69

The ringgit is expected to continue its uptrend against the US dollar this week, supported by improving sentiment amid an encouraging domestic environment, said Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid.

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