Ringgit expected to trade range-bound vs US dollar next week ahead of BNM’s OPR decision

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.

“Perhaps, the dollar-ringgit would range between RM4.05 to RM4.07 next week,” it said.

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