Ringgit seen recovering

Chua: ‘Pressure on the ringgit as well as other Asian currencies will ease because there is a sychronised trade recovery going on now.’

PETALING JAYA: Pressure on the ringgit is waning as a synchronised trade recovery lifts sentiment, while the outlook on the US dollar has turned weaker, said Maybank Kim Eng (Maybank KE).

The investment bank expects the ringgit to improve to 4.35 against the US dollar in the second quarter of this year, before strengthening further to 4.20-4.25 against the greenback in the second half of 2017.