THE ringgit, which hit a level not seen since July 2016, is expected to trade on a stronger note but may retrace slightly to above 4.00 to the US dollar in the second quarter.
“Overall, the ringgit is expected to appreciate against the US dollar this year but we are looking at a short-term correction in the second quarter as the market behaves in the usual ‘buy on rumour, sell on fact’ manner.
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