Reforms to minimise ringgit weakness

Malayan Banking Bhd head of forex research Saktiandi Supaat

PETALING JAYA: Although the ringgit is expected to come under pressure against the US dollar in the near term, structural economic reforms are vital and need to be implemented without delay to strengthen the local currency, going forward.

Foreign exchange (forex) strategists and economists, who expect the local currency to trade between RM4.25 and RM4.50 to the greenback by year-end, said economic reforms should be taken to minimise the ringgit weakness.