Ringgit likely to be in tight range against greenback next week

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KUALA LUMPUR, July 9 — The ringgit is likely to remain in a tight range around the RM4.42 level next week on mixed market sentiments, an analyst said. Bank Islam Malaysia Bhd...

KUALA LUMPUR, July 9 — The ringgit is likely to remain in a tight range around the RM4.42 level next week on mixed market sentiments, an analyst said.

“This would put it as the front runner in respect to the monetary tightening campaign as other central banks are likely to remain measured in their rate hike decision,” he told Bernama. The ringgit fell against the greenback at 4.4250/4270 on Friday, compared with 4.4060/4085 a week earlier.

 

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