KUALA LUMPUR: The ringgit is expected to strengthen further next week between the range of RM4.72 and RM4.73 against the US dollar, said Bank Muamalat...
: The ringgit is expected to strengthen further next week between the range of RM4.72 and RM4.73 against the US dollar, said Bank Muamalat Malaysia Bhd’s chief economist and head of social finance Dr Mohd Afzanizam Abdul Rashid.
“So this will be based on the incoming data points before any shift in stance would occur. The ringgit has also been in an oversold position for sometime,” he told Bernama. Meanwhile, SPI Asset Management managing partner Stephen Innes said he expected the ringgit rally to extend on the dovish US Federal Reserve pivot but gains could be limited by local and European economic concerns.
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