KUALA LUMPUR (Jan 1): The ringgit is expected to experience some technical correction in the coming days, trading in the range of 4.1650 to 4.1750 against the US dollar, an analyst said. “However, we remained constructive on ringgit against the US dollar, paired with year-end target for 2022 standing at RM4.09. It ended the week on a stronger note versus the US dollar at 4.1650/1680 at Friday’s close compared with 4.1935/1980 a week earlier. It improved against the Singapore dollar to 3.0872/0899 from 3.0887/0954 last Friday, strengthened vis-a-vis the Japanese yen to 3.6186/6212 from 3.6660/6702, and firmed against the euro to 4.7194/7228 from 4.7567/7618 in the previous week. However, it depreciated against the British pound to 5.6277/6318 compared with 5.6226/6287 on Friday last week.
