KUALA LUMPUR, March 28 (Bernama) -- The ringgit is likely to be firmer against the U.S. dollar next week with the greenback set to trade rangebound as dealers remain cautious ahead of the Group of 20 leaders' meeting next week in London where world leaders will discuss currency movements.
The market is also awaiting the European Central Bank (ECB)'s meeting next week which is expected to cut rates by 50 basis points to one percent and might announce further liquidity-boosting moves.
Dealers said the ringgit might touch 3.60 as investor confidence improves following the smooth leadership transition at the UMNO general assembly.
On a week-to-week basis, the ringgit was higher against the U.S. dollar at 3.6085/6135 compared with 3.6450/6500 last Friday.
The local unit was higher against the Singapore dollar to 2.3899/3980 from 2.4128/4183 previously and strengthened against the yen at 3.6773/6835 from 3.8523/8600.
The local unit rose against the euro at 4.8877/8956 from 4.9831/9921 and appreciated against the British pound at 5.1988/1074 from 5.3031/3115 previously.
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