Reported 4 months ago
The Malaysian ringgit has outperformed other Asian currencies in the past three months and is predicted to continue strengthening, with market strategists forecasting a rise to 4.65 per dollar by year-end from the current 4.7050. Factors such as increasing foreign inflows, income repatriation by state firms, growing current-account surplus, and improved export prospects contribute to this positive outlook. Analysts believe that regulatory measures and a more favorable global economic environment will support the ringgit's upward trajectory, despite potential risks from US-China trade tensions. Overall, optimism surrounds the ringgit’s potential for further appreciation, with predictions of it strengthening to 4.64 by the end of the year.
Source: YAHOO