MIDF sees ringgit trading at 4.1 to US dollar by year-end

Rate impact: The decision to cut OPR is expected to impact the ringgit.

KUALA LUMPUR: MIDF Research has revised downwards its ringgit outlook and sees the local currency trading at 4.10 to the US dollar by year-end as more risks emerge.

The research unit said this was a 2% decrease from its previous forecast of 4.00 to the US dollar. It also expects the ringgit to average at a higher rate of 4.12 this year compared with 4.05 previously.