KUALA LUMPUR: The ringgit is expected to trade in a narrow range next week, hovering between 4.03 and 4.05 against the US dollar amid a holiday-shortened week. The local currency traded mixed this week, opening at 4.07 before strengthening to as high as 4.0410 on Friday morning, then easing to close the week at 4.0470. Earlier this week, the local currency was mainly influenced by expectations of a US interest rate cut and by weaker US consumer confidence. On a weekly basis, the ringgit strengthened against the greenback, closing higher at 4.0470/0535 compared with 4.0740/0785 at the end of last week. However, the local currency depreciated vis-a-vis the Thai baht to 13.0212/0484 from 12.9428/9620 previously.

Source: The Star December 28, 2025 23:17 UTC