On a Friday-to-Friday basis, the ringgit appreciated to 4.7050/7080 against the greenback compared to 4.7100/7130 a week earlier. — Picture by Miera ZulyanaKUALA LUMPUR, June 1 ― The ringgit is likely to remain in range-bound trading against the US dollar next week as markets further digest the global economic outlook, an analyst said.
He said the market's focus started to shift to the upcoming Federal Open Market Committee meeting, which is scheduled to convene on June 11 and 12.He noted that the main issue affecting market sentiments is whether the Federal Reserve would cut the rates or let them remain as they are.
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