Forex
Ringgit Range-Bound Amid US Interest Rate Jitters
The ringgit is expected to remain range-bound against the US dollar next week, trading between RM4.07 and RM4.09 as investors stay cautious over the direction of US interest rates.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that investors will focus on the upcoming release of the US Consumer Price Index (CPI) due out on Aug 12, 2026, with a consensus forecast of 3.4 per cent.
On the home front, Mohd Afzanizam noted that investors will also be monitoring Malaysia's second-quarter (2Q) 2026 gross domestic product (GDP) data due out on Aug 14. He predicted that the GDP growth is likely to match the advance estimate of 5.8 per cent.