Ringgit to weaken to 4.15 level against US dollar

FXTM Research Global Head of Currency Strategy Jameel Ahmad said that the local unit may face the risk of falling below RM4.15 against the greenback next week.

KUALA LUMPUR: The ringgit is expected to weaken to 4.15 against the US dollar by year-end as the local note is vulnerable to China’s economic growth, according to an analyst.

“However, Malaysia’s steady exports are expected to reduce the ringgit’s weakness as we are the only country that is not facing much of a downward pressure on exports.