Maybank Kim Eng: Ringgit may hit 3.5 in second half of 2016

As of 9.14 am(0114gmt), the ringgit appreciated to 3.8580/8630 against the greenback from yesterday's close at 3.8870/8940.

THE second half of this year could see oil prices trading closer to the US$50 per barrel levels and if at that same time, the US dollar remains soft, the ringgit could edge towards 3.50 to one US dollar.

This is Maybank Kim Eng head of foreign exchange research Saktiandi Supaat’s assumption.