Ringgit outlook will become more positive: US$1=RM$4?

Manpreet: ‘Our view is that the US dollar may actually soften a little, so that will take away one big headwind for the ringgit.’

KUALA LUMPUR: The outlook on the ringgit is becoming more constructive, with Standard Chartered Bank (StanChart) expecting the currency to gradually strengthen towards RM4 per US dollar over the next one to two years.

Until then, the ringgit is expected to range bound between 4.20 and 4.30 against the greenback at least through 2017, says StanChart head of fixed income, currencies and commodities investment strategy Manpreet Singh Gill.