Sunday 25 Feb 2024
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KUALA LUMPUR (Nov 22): AmBank Group Research said the ringgit depreciated 0.61% to 4.581 on Monday (Nov 21) and traded within the range of 4.5872 and 4.5535.

It said the ringgit was stronger against the EUR, GBP, AUD, JPY, CNY, SGD, and THB, but weaker against the IDR, PHP, and VND.

In a note on Tuesday, AmBank group chief economist and head of research Dr Anthony Dass said eyes will be on the political front amidst hung parliament.

“We expect the MYR to trade between our support level of 4.550 and 4.560 while our resistance is pinned at 4.600 and 4.610,” he said.

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