Ringgit likely to regain strength to average at 4.35


Goh:

KUALA LUMPUR: The ringgit is expected to regain its strength supported by the country’s economic fundamentals, although market sentiment could cause fluctuations in its value, according to United Overseas Bank (M) Bhd (UOB).

UOB economist Julia Goh said the ringgit was playing catch-up and there was lesser pressure on the ringgit.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , ringgit , bonds , foreign , buying , currency , dollar , UOB , Goh , forex ,

   

Next In Business News

Dialog Axiata inks deal to acquire Airtel Lanka via share swap
ACE Market-bound Sin-Kung targets RM26mil in proceeds from IPO
Smart Asia to issue 93.5mil shares, en route to ACE Market listing
Matrade to organise halal showcase in Dubai
Feytech inks underwriting deal with TA Securities, AmInvestment Bank
Ringgit extends gains to open higher against US$
Loan applications for property take a breather in Feb
Upsides on Bursa capped by negative global sentiment
Trading ideas: Maxis, Bank Islam, Malaysian Flour Mills, Menang, HeiTech Padu, Reservoir Link, MGRC, IGB REIT, Affin Bank and Excel Force
Higher OOH beverage consumption a boon for F&N

Others Also Read