KUALA LUMPUR : The ringgit is expected to trade cautiously against the US dollar in the near term as investors continue to closely watch local and global economic developments moving forward, an analyst said.
"Other than that, a series of Purchasing Managers’ Indices, the Reserve Bank of Australia’s interest rate decision and China’s trade data will be released next week. On that note, the ringgit should linger around RM4.73 to RM4.74 per the US dollar next week,” he told Bernama. On a Friday-to-Friday basis, the ringgit strengthened to 4.7370/7400 versus the greenback from 4.7650/7710 a week earlier.
US Dollar Outlook FOMC MPC Mohd Afzanizam Abdul Rashid
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