Malaysia's Ringgit Expected to Strengthen with Recovery in Exports and Fed Rate Cuts

Reported 9 months ago

The Malaysian ringgit is anticipated to further strengthen throughout the year due to recovering exports and potential Federal Reserve interest rate cuts. Supported by positive exports growth and predictions of reaching 4.65 against the USD by year-end, the ringgit is expected to benefit from US rate cuts according to Bank Negara Malaysia. Fitch Ratings Inc. also foresees the currency's challenging factors easing in the second half of the year.

Source: YAHOO

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