Ringgit likely to stabilise against US dollar next week

The ringgit is expected to stabilise at RM4.74 to RM4.75 against the US dollar next week following its significant rise in the previous week, said Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid.

He said markets will be watching for the US Nonfarm Payrolls (NFP) data closely next week with consensus estimates pegging it at 188,000 for February.