Ringgit to trade at 4.40-4.41 v dollar next week

THE ringgit is expected to experience some technical correction in the coming days, trading in the range of 4.40 to 4.41 against the dollar, an economist said.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the ringgit is already at an overbought position from the technical chart, implying that some correction is quite likely in the near term.