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Affin Hwang Asset Management forecasts the ringgit will strengthen to a fair value of 3.80 to 3.90 per dollar this year. The firm welcomed the government's pledge never to re-peg the currency, which it says reassures foreign investors.
A forecast of further ringgit gains points to continued dollar-selling pressure in Malaysia. A stronger ringgit makes Malaysian exports less competitive in dollar terms.
theborneopost.comJan 24, 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.
