Ringgit to flex its muscles

PETALING JAYA: The ringgit is set to continue benefiting from investors selling the US dollar and this will provide Bank Negara the flexibility to reassess its monetary policy this year.

The ringgit’s appreciation against the world’s reserve currency since last October is poised to continue as investors unwind their positions out of the greenback in anticipation of a pivot in interest rate policy by the US Federal Reserve (Fed).