'I think we will be trading in a similar 4.38 to 4.41 range next week until China’s economic activity data begins to improve' theSun theSundaily news business ringgit USD
: The ringgit is likely to remain within a tight range against the US dollar next week on mixed market sentiments, an analyst said.
“I think we will be trading in a similar 4.38 to 4.41 range next week until China’s economic activity data begins to improve.On Friday, the ADP Non-farm Employment Change data, a monthly economic indicator in the US, came in higher than expected. The data showed that private businesses in the US created 235,000 jobs in December 2022, well above market forecasts of 150,000. This was generally bullish for the dollar, he said.
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