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Ringgit Malaysia likely to trade at the 4.32-4.35 level from Monday (Feb 12) onwards

The ringgit is likely to trade at the 4.3200-4.3450 level against the US dollar next week with a slightly negative bias as the ringgit is held hostage by external factors and predominantly a more hawkish rewrite of the Federal Reserve (Fed) narrative as the market starts pricing in more US rate hikes for 2023, said an analyst.
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