PETALING JAYA: The ringgit-US dollar exchange rate is likely to strengthen to the 4.20 level faster than expected, fuelled by China’s border reopening, with traders believing the local currency will stabilise to around the 4.10 level, going forward.
SPI Asset Management managing partner Stephen Innes said he is “sliding” his first-half target to the level of 4.10 or even 4.00, from its previous target of 4.20.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
