KUALA LUMPUR: The ringgit is expected trend around 4.77 to a US dollar this week as the greenback maintains its strength and as market continues diminishing the expectations of interest rate cuts, particularly in the United States.

SPI Asset Management managing director Stephen Innes said, however, much hinges on the responses of global bond markets as many traders are currently factoring in a level of central bank alignment with the US Federal Reserve (Fed).