THE US dollar is weakening, hence the ringgit is on a recovery track. The ringgit’s ride to recovery would probably be slow and steady because of headwinds affecting the domestic and global economy.
In the next five months, the ringgit is not expected to see any major pressure for further depreciation. This is on the basis that there is no large redemption of Malaysian Government Securities (MGS) between April and end-September this year.
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