Ringgit likely to strengthen against the US dollar

Economists say external factors, rather than domestic factors, will take centrestage in driving the recovery of the ringgit.

THE ringgit continues to see a tumultuous period this week as it continues to weaken against major foreign currencies.

Nevertheless, economists say external factors such as the timing of the US Federal Reserve’s (Fed) pivot and the stabilisation of the Chinese yuan, rather than domestic factors, will take centre stage in driving the recovery of the ringgit.