KUALA LUMPUR: The ringgit will see range-bound trading next week and move between 4.45 and 4.46 (against the US dollar), on market adjustments following the announcement of new measures by Bank Negara Malaysia (BNM), said a dealer. On Friday, BNM introduced measures that will come into effect on Monday. For the week just-ended, the ringgit was traded higher at 4.4500/4550 against the greenback from 4.4530/4600 last Friday. The ringgit appreciated against the yen to 3.9128/9179 last Friday from 3.9379/9455, but declined against the Singapore dollar to 3.1274/1327 from 3.1159/1224. The local unit fell to 4.7375/7432 against the euro from 4.7175/7267 and eased against the British pound to 5.6057/6137 from 5.5538/5639.

Source: New Strait Times December 03, 2016 04:47 UTC