Ringgit likely to stay range-bound next week amid US dollar and geopolitical risks
Kuala Lampur, April 18 --
KUALA LUMPUR, April 18 - The ringgit is likely to trade within a narrow range against the US dollar next week as external drivers remain dominant.
IPPFA Sdn Bhd investment strategy director and country economist Mohd Sedek Jantan said while Malaysia's growth profile provides a firm fundamental anchor, near-term direction will be driven by US dollar dynamics, oil price volatility and evolving geopolitical developments.
"Brent crude oil is expected to remain above US$90 per barrel, offering a supportive terms of trade backdrop that should help anchor the currency.
"However, any adverse geopolitical escalation, particularly stemming from policy signals or announcements by Donald Trump related to West Asia...
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