Ringgit to remain range-bound next week, testing 4.10-4.15 mark
On a Friday-to-Friday basis, the ringgit eased to 4.1310/1340 against the US dollar from 4.1300/1350 previously. — Bernama pic
“This underscores expectations that the trading of the local note versus the greenback will remain range-bound, barring any headline or event risks that may trigger sharp movements either way,” he said. “As for the domestic economic calendar in the week ahead, the March external trade data due on Friday, May 3 will be a key measure of the Malaysian economy, and investors will be keen to find out whether imports and exports for the month rebounded from February’s year-on-year declines, amidst US-China trade tensions and moderating global growth.
On a Friday-to-Friday basis, the ringgit eased to 4.1310/1340 against the US dollar from 4.1300/1350 previously.
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