Ringgit set to stay at 4.72-4.73 range against US dollar next week

KUALA LUMPUR, March 30 ― The ringgit is expected to maintain its current range of RM4.72 to RM4.73 against the US dollar next week, said an economist. Bank Muamalat Malaysia...

On a Friday-to-Friday basis, the ringgit strengthened to 4.7215/7280 against the greenback compared with 4.7340/7390 a week earlier. — Picture by Miera ZulyanaKUALA LUMPUR, March 30 ― The ringgit is expected to maintain its current range of RM4.72 to RM4.73 against the US dollar next week, said an economist.

He noted that there will be a slew of jobs reports such as Jobs Opening and Labour Turnover and Nonfarm Payrolls which is expected to moderate to 198,000 in March from 275,000 in February.In a nutshell, investors will be scrutinising the incoming data to establish their view on the US Federal Reserve Fund Rate outlook, in particular the timing for the rate cut.

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