Ringgit likely to strengthen by 5% against US dollar by year-end, says UBS

KUALA LUMPUR: The ringgit is expected to appreciate by five per cent against the US dollar by year-end as the greenback is now in a stabilisation mode, says UBS Investment Bank's senior global economist/managing director, Paul Donovan. 

However, he said, the ringgit against the US dollar exchange was not the best indicator to measure the weaknesses and the strengths of the former.