Ringgit likely in range-bound trading this week; to stay within the RM4.63 and RM4.65 range

KUALA LUMPUR (Bernama): The ringgit is expected to trade range-bound with a downward bias against the US dollar this week as the greenback may gain support surrounding global economic uncertainties, an analyst said. Bank Muamalat Malaysia Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid said the local currency is expected to trade between...

Ringgit opens flat vs US dollar, but stronger vs other currencies

KUALA LUMPUR: The ringgit opened almost flat against the US dollar today, ahead of the United States Consumer Price Index (CPI) data for July set to be released today. At 9.05 am, the local note stood at 4.5710/5760 against the greenback compared with 4.5705/5755 at Wednesday’s close. ActivTrades trader Dyogenes Rodrigues Diniz told Bernama that the US...