The ringgit is expected to see rangebound trading next week amid market cautiousness on the global economy outlook.
A dealer said the local unit could be moving around 3.02-3.05 levels per one US dollar.
In a research note, MIDF Research said it expected the riggit to appreciate against US dollar in second half of 2011, benefiting from Asia's healthy economic outlook excluding Japan.
"We reiterate our ringgit/US dollar average forecast of 2.97 for this year while 2.95 for next year," it said.
This week, the market saw support for the US dollar as a safe-haven currency on Thursday and Friday amid worries about bearish US economic outlook, Greece's debt crisis and weak Chinese data.
On a Friday-to-Friday basis, the ringgit ended lower against the US dollar at 3.0390/0420 compared with 3.0400/0450 previously.- BERNAMA
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