Ringgit expected to trade within narrow range next week amid holiday calm

Quick Summary:

KUALA LUMPUR: The ringgit is expected to trade within the narrow range of 4.50 to 4.52 against the US dollar next week, reflecting subdued volatility and cautious sentiment among traders during the Christmas holiday period.

It depreciated versus the euro to 4.6776/6823 from 4.6632/6684 and dipped against the British pound to 5.6328/6384 versus 5.6203/6266 previously.

Additionally, upbeat US economic data lent further support to the greenback.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaJapanSingapore

Topics: Ringgit /Business/Business News Stephen Innes Greenback US dollar Forex Forex

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-21 @ 11:00:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 337 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24572318

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 35 posts per day

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