Ringgit likely to stay at 3.5 level in medium term, says CIMB

KUALA LUMPUR: The ringgit, which is at its two-month high at the 3.5 level against the US dollar today, will likely stay at the current level for the medium term, said a trader.

"Going forward, with Bank Negara Malaysia's assurance that interest rates will remain accommodating, Malaysia will remain attractive to foreign investors," he told reporters on the sidelines of the Invest Malaysia 2015 conference here today.