Ringgit to trend upward against greenback ahead of Fed decision

THE ringgit is expected to trade in cautious mode with an upward bias against the US dollar next week ahead of a decision by the United States Federal Reserve (Fed) on its monetary policy.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said market conditions will hold in the lead-up to the Federal Open Market Committee (FOMC) midweek meeting.