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.
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