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 […]
Clearer signs of economic recovery needed to boost ringgit
KUALA LUMPUR: With Budget 2021 expected to be the most challenging amid uncertainties, more clearer signs of economic recovery is needed for the ringgit to move higher. Bank Muamalat Malaysia Bhd economist Izuan Ahmad said whether the ringgit would strengthen would depend on the actual success factors pertaining to the containment of Covid-19. “At the […]
