High chance it may end the year at between RM3.50 and RM3.60 per US dollar
The ringgit hit a 10-year low of RM3.78 per US dollar in June 2015 amid heightened international market concerns of the Greece crisis fallout and expectations of a sovereign credit rating downgrade from Fitch Ratings, the latter which did not materialise after all. Moving forward, the pace of ringgit’s recovery remains to be seen.
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