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KUALA LUMPUR, Feb 22 ― MIDF Research is expecting the ringgit to strengthen later this year when the US Federal Reserve (Fed) shifts its policy stance to be less hawkish or...
KUALA LUMPUR: The government is optimistic that the trade and investment targets set for this year are achievable despite the ringgit’s current depreciation versus the US dollar, as many other major fundamentals remain attractive and appealing to global investors.
PETALING JAYA: S&P Global Ratings forecast a 9% rebound in the Malaysian ringgit by the end of the year, and said the weak currency doesn’t pose a risk to the sovereign rating.
KUALA LUMPUR: The ringgit ended higher against the US dollar today as the United States Federal Reserve (Fed) seems unlikely to cut the benchmark interest rate in the near term, said an economist.
The Malaysian ringgit fell to its lowest level on Tuesday since the Asian Financial Crisis, triggering concerns in the country.