Malaysia's Ringgit Seen Rebounding to 3.95 per Dollar as Inflow Measures Lift Demand
Updated
Updated · Bloomberg · Jul 6
Malaysia's Ringgit Seen Rebounding to 3.95 per Dollar as Inflow Measures Lift Demand
3 articles · Updated · Bloomberg · Jul 6
Summary
RBC sees the ringgit strengthening to 3.95 per dollar by year-end after it finished June as Asia’s worst-performing currency.
Bank Negara Malaysia is stepping up measures to encourage companies to repatriate and convert overseas earnings, a move analysts say should boost foreign-exchange inflows.
Trade-surplus support, demand for Malaysian bonds and broader economic fundamentals are also expected to underpin the currency’s recovery.
ANZ is even more bullish, forecasting 3.80 per dollar — a level that would mark the ringgit’s strongest point since 2015.