Ringgit set to stabilise at 4.54-4.58 against US dollar by year-end - OCBC Bank

KUALA LUMPUR: The ringgit is expected to stabilise against the US dollar at RM4.54-RM4.58 by the end of the year, driven by expectations of a softer greenback and lower US Treasury yields as the US Federal Reserve (Fed) embarks on a rate-cutting cycle in 2024.

OCBC Bank chief economist Selena Ling said the stabilisation of China's economy should also benefit the Malaysian economy as inbound tourism from there remains strong.