Malayan Banking Bhd group president and CEO Datuk Abdul Farid Alias(pic) said that liquidity flow, alongside greed and fear, had caused the ringgit to trade at the 3.70 level.
SINGAPORE: The ringgit should be trading at 3.30 to the US dollar, if one were to take into account the country’s reserves and the difference between the spot forward rates, said Malayan Banking Bhd
(Maybank) group president and chief executive officer Datuk Abdul Farid Alias.
He said that liquidity flow, alongside greed and fear, had caused the ringgit to trade at the 3.70 level.
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