Kuala lumpur: The ringgit is expected to remain bullish next week although there could be profit-taking activities due to the recent appreciation, said Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid. He noted that market players will also look for fresh economic indicators, particularly the third quarter 2025 gross domestic product, which is set to be announced on November 14.

According to BERNAMA News Agency, Dr. Mohd Afzanizam anticipates the GDP outcome to align with the advance estimates of 5.2 percent. He also projected that the USD/MYR exchange rate would hover between RM4.17 and RM4.19 in the coming week.

On a weekly basis, the ringgit strengthened against the US dollar, closing at 4.1735/1775 compared to the previous week's 4.1860/1930. The local currency traded mostly higher against a selection of major currencies, appreciating against the British pound and the euro, while showing a slight weakness against the Japanese yen.

The ringgit also showed a positive trend against ASEAN currencies. It rose against the Singapore dollar, the Indonesian rupiah, the Philippine peso, and the Thai baht, indicating a strong performance in the regional currency market.