Ringgit poised for technical correction against US dollar next week


KUALA LUMPUR, Jan 2 (Bernama): The ringgit is expected to experience some technical correction in the coming days, trading in the range of 4.1650 to 4.1750 against the US dollar, an analyst said.

Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said in light of the recent appreciation, there could be a possibility that the ringgit might experience some correction on profit-taking activities.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

Pope Francis commends Singapore’s inclusiveness, efforts to support the vulnerable
Asean news headlines as at 10pm on Thursday (Sept 12)
Philippines recovers oil from sunken tanker, avoids disaster
Jet aircraft carrying passengers lands for first time at Nusantara airport
International aid pours in for victims of Typhoon Yagi in Vietnam
Zoo chief vows action against visitors harassing popular baby hippo
Garuda Indonesia unveils MotoGP-themed aircraft
Microsoft says productivity software suite recovered after outage
Canadian actress Christy Chung shares photos from family vacation in Kota Kinabalu
Harvest Moon to light up the sky on Sept 18, day after Mid-Autumn Festival

Others Also Read