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Forex

Ringgit to Hold Ground Against USD Next Week

Guavy AI Editorial Team
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USD
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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 Mohd Afzanizam Abdul Rashid believes 2Q 2026 GDP growth will match the advance estimate of 5.8 per cent, which is due to be released on August 14.

Meanwhile, Quintex Intel global strategist Stephen Innes said the ringgit could trade between RM4.0825 and RM4.0975 against the US dollar next week.

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