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Ringgit expected to trade in tight range against US dollar next week

KUALA LUMPUR: The ringgit is expected to trade within a tight range against the US dollar next week, with investors remaining cautious ahead of key monetary policy decisions by the United States Federal Reserve (Fed) and the Bank of Japan (BOJ).

The Star MalaysiaThe Star查看原文 ↗
预计下周令吉兑美元汇率将在窄幅区间波动。

KUALA LUMPUR: The ringgit is expected to trade within a tight range against the US dollar next week, with investors remaining cautious ahead of key monetary policy decisions by the United States Federal Reserve (Fed) and the Bank of Japan (BOJ).

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the focus next week will be on the Federal Open Market Committee (FOMC) and BOJ monetary policy meetings. Both central banks are expected to raise their respective policy rates by 25 basis points.

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