KUALA LUMPUR: Kenanga Investment Bank Bhd is maintaining its year-end ringgit target against the US dollar at 4.15, while continuing to test the 4.20 level in the near-term.
The research house said in a note that the Federal Reserve (Fed) on Wednesday, in deciding to hike its short-term rate by 25 basis points, would cast a pall on a strong US dollar in 2019.
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