Currency likely to strengthen to RM4.10 at end-2022
KUALA LUMPUR: The ringgit is likely to strengthen moderately against the US dollar in the second half (H2) of this year, supported by resilient oil prices, stability in China’s yuan, eventual US dollar softness, a global economic recovery as well as a move to an endemic scenario as vaccination improves in the country.
Malayan Banking Bhd
(Maybank) head of forex research Saktiandi Supaat projects the local currency to strengthen against the greenback from RM4.18 in the fourth quarter of last year to RM4.10 at end-2022.
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