Malaysian Ringgit Expected to Hold Narrow Range Against Dollar Next Week
Analysts forecast trading between 4.07 and 4.09 as markets await US labour data and Federal Reserve signals on interest rate trajectory.
Every BriefAsia story tagged Malaysian Ringgit, newest first.

Analysts forecast trading between 4.07 and 4.09 as markets await US labour data and Federal Reserve signals on interest rate trajectory.

Currency strengthens to 4.0880 per dollar amid positive economic outlook and anticipation of Fed policy hold

The currency appreciated against the dollar and most major peers while traders positioned ahead of the Federal Reserve's two-day policy meeting starting July 28.

West Asian tensions drove crude prices past $98, fueling speculation the Federal Reserve may tighten again in September and strengthening the dollar against regional currencies.

Currency traders brace for tighter US monetary policy while Middle East tensions add pressure to regional foreign exchange markets

Strong trade data cushions currency against global volatility while geopolitical risks weigh on regional sentiment

The local currency strengthened against the dollar and regional peers Monday, even as markets price in higher US rates and monitor West Asia supply risks.