Improving recoveries across Asia will boost ringgit vs US dollar
KUALA LUMPUR: The improving economic recoveries across Asian countries particularly in China are expected to further drive Asian currencies’ strength including the Malaysian ringgit against the US dollar, UOB Malaysia said. It believes the current global landscape (global reflation trade, prolonged low interest rates, and ongoing fiscal support) will remain supportive of broad dollar weakness […]
Ringgit to ride on firmer Asian region’s currencies
KUALA LUMPUR: The ringgit will be driven by firmer Asian currencies which are benefiting from the interest rate, as well as growth differentials between the region and industrial economies, said AmBank Research. Support for the local note will also strengthen if the United States’ (US) recovery is hindered by rising Covid-19 cases, renewed local lockdowns […]
