“Over the long term, we continue to believe that the ringgit would benefit from a weaker US dollar and could touch RM4.15, which is stronger than the mid-point of its long-term trading range (RM3.80 to RM4.50),” said AmInvestment Bank research.
PETALING JAYA: AmInvestment Bank Research is maintaining its forecast for the ringgit to trade against the US dollar at RM4.10 to RM4.15 for this year and between RM4.05 and RM4.10 for 2022.
“Over the long term, we continue to believe that the ringgit would benefit from a weaker US dollar and could touch RM4.15, which is stronger than the mid-point of its long-term trading range (RM3.80 to RM4.50),” said the research house.
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