The Malaysian ringgit is expected to trade between 4.07 and 4.09 against the US dollar in the coming week, according to a report from The Star. The forecast covers the trading period starting Monday, with analysts pointing to recent market conditions as the basis for the range.
The projection follows a week in which the ringgit ended marginally higher against the greenback, as reported by KLSE Screener. That modest gain came after the currency opened stronger on the back of a cooling US economy, which reduced some of the dollar's momentum, according to Malay Mail. The ringgit also closed slightly higher ahead of the Federal Open Market Committee's policy decision, as noted by Free Malaysia Today.
BusinessToday Malaysia separately reported that the ringgit is expected to hold near the 4.10 range in the near term, suggesting a slightly wider view than The Star's narrower forecast. The two outlooks reflect different time horizons, with The Star focusing specifically on next week's trading.
The currency's recent performance has been shaped largely by external factors, particularly developments in the US economy and monetary policy. A softer US economic picture has taken some steam out of the dollar, giving the ringgit room to firm up. Market participants have been watching the Federal Reserve's moves closely, with the FOMC outcome serving as a key driver for regional currencies.
Traders will be watching whether the ringgit can hold within the projected band or break out of it, depending on fresh US economic data and any shifts in global risk sentiment. The range suggests a relatively stable week ahead, barring unexpected developments.
