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United Overseas Bank (Malaysia) expects the ringgit to strengthen to RM3.80 per US dollar by end-2018, citing supportive global growth and domestic consumption. It sees fair value between RM3.60 and RM3.70 but warns trade tensions and Malaysian elections could hold back investors.
A forecast ringgit appreciation would ease the cost of dollar-denominated imports for Malaysian buyers, while the stated risks point to possible near-term dollar strength.
themalaysianreserve.comDayang NorazharMar 26, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
