KUALA LUMPUR: The ringgit is expected to hover at RM4.20 against the US dollar in the third quarter of this year (Q3 2019), before rebounding to RM4.15 by year-end, AllianceDBS Research said on THursday.
It said the rebound was premised on the expectation of another rate cut by the US Federal Reserve (Fed), to be announced during its Federal Open Market Committee (FOMC) meeting in December.
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