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Ringgit expected to trade in narrow range vs greenback ahead of BNM's OPR decision next week

KUALA LUMPUR: The ringgit is expected to trade within a narrow range against the US dollar next week as investors turn their attention to Bank Negara Malaysia's (BNM) Overnight Policy Rate (OPR) decision on Nov 5.

The Star MalaysiaThe Star查看原文 ↗
预计在马来西亚国家银行下周公布隔夜政策决议前,令吉兑美元汇率将窄幅波动。

KUALA LUMPUR: The ringgit is expected to trade within a narrow range against the US dollar next week as investors turn their attention to Bank Negara Malaysia’s (BNM) Overnight Policy Rate (OPR) decision on Nov 5.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said a potential OPR hike next week could provide support for the ringgit, as BNM may consider normalising the policy rate in view of the country's stronger-than-expected economic growth trajectory.

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