KUALA LUMPUR: The ringgit is expected to hold steady within RM4.12 to RM4.14 next week as traders and investors remain cautious ahead of the US Federal Reserve’s (Fed) Federal Open Market Committee (FOMC) meeting in December.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the Fed’s interest rate decision, with the probability of a 25-basis-point cut exceeding 80 per cent, continues to be a key factor influencing the local currency.