Ringgit to perform in 2021 despite short-term headwinds

AmBank Research expected the ringgit to hover around the 3.98–4.04 levels against the greenback on average, although it may give up some of its gains during the year.

PETALING JAYA: The ringgit is expected to remain on a positive trend this year on the back of a weakening United States dollar, despite near-term challenges for the Malaysian currency.

AmBank Research said the still-largely undervalued ringgit in real effective exchange rate (REER) terms will remain as an attractive valuation as it will provide support to the currency over the long term.