Will prospects for the ringgit weaken?


At this juncture, the general view is that future US interest rate hikes have been priced in and the ringgit should be buffered by rising oil prices; however, the long-term outlook remains challenging.(Filepic)

WITH the US dollar potentially strengthening further, would prospects for the ringgit weaken despite Government measures to stabilise the local currency?

At this juncture, the general view is that future US interest rate hikes have been priced in and the ringgit should be buffered by rising oil prices; however, the long-term outlook remains challenging.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , ringgit , dollar , challenging , weaken , government , oil , price , buffer , stocks , shares , economy ,

   

Next In Business News

Smart Asia makes strong debut on ACE Market
Retail, commercial and hotel segments lift IGB in 1Q24
Additional RMAF base job for Fajarbaru
KIB to monitor market uncertainties
SD Plantation rebrands as SD Guthrie
KWAP’s Dana Pemacu to boost private markets
Southern Cable 1Q net profit surges to RM14mil
Automation solutions to drive Genetec
Economic chiefs weigh steps to bolster growth
IHH on expansion mode

Others Also Read