KUALA LUMPUR: The ringgit is expected to trade relatively unchanged against the US dollar this week ahead of the release of Malaysia’s fourth quarter 2021 gross domestic product results on Friday.

       An analyst, foreseeing headwinds, expected the ringgit to trade in a range of RM4.18-RM4.19 against the greenback, Bernama reported.

       The national news agency noted the analyst as also saying the local note would continue to face pressure due to the resurgence of Covid-19 cases in the country. However, the improved commodity prices and weaker dollar could help cap the ringgit’s downside, the analyst added.

       On a weekly basis, the ringgit appreciated versus the US dollar to 4.1805/1810 last Friday from 4.1880/1915 a week ago.