Ringgit Set for Narrow Trading Range Ahead of US Data

The ringgit is expected to trade within a narrow range against the US dollar next week as investors await key United States economic data for further clues on interest rates.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said attention will be on the US labour market, particularly the nonfarm payrolls report due to be released on October 2.

The ringgit is expected to trade between RM4.07 and RM4.10 against the US dollar this week, according to Dr Afzanizam.