The ringgit is expected to recover next week in line with the FTSE Bursa Malaysia KLCI on better economic environment.

Affin Investment Bank vice president and head of retail research, Dr Nazri Khan, said despite the weaker local gross domestic product as well as selloff seen in Bursa Malaysia and ringgit, the local market was still holding up better than other emerging economies' currencies, including Indonesia, India and
Brazil.

"We expect selling momentum to subside riding on Bursa Malaysia's defensive appeal, resilient current account surplus (RM2.6 billion as at second quarter 2013) and its lower vulnerability to foreign investor withdrawals," he told Bernama.

Meanwhile, Alliance Research economist, Manokaran Mottain, said despite the recent volatility in the ringgit, the research house would maintain its target for the year at 3.12 per US dollar.

"The depreciating trend was evident across most emerging markets' currencies on the back of the recent speculation regarding the scaling down of quantitative easing in the US," he said.

For the week just-ended, the ringgit eased against the greenback at 3.2990/3020 from 3.2748/2778 last Friday.

The local currency was higher against the Singapore dollar at 2.5777/5809 from 2.5784/5818 last week and appreciated against the yen at 3.3381/3414 from 3.3588/3632 last Friday.

It was weaker against the British pound at 5.1544/1600 from 5.1218/1275 last Friday and easier against the euro at 4.4088/4131 from 4.3676/3719 last week.-- Bernama