Positive outlook for ringgit this year

KUALA LUMPUR: The ringgit is poised to strengthen this year, driven by significant events which could bolster the local currency.

Saktiandi Supaat, head of foreign exchange research and strategy, global markets at Maybank Singapore said that with the US Federal Reserve (Fed) likely to be embarking on an easing cycle soon, the rates landscape should be more favourable for the ringgit in light of the fact that Bank Negara Malaysia (BNM) is expected to stand pat for the whole of 2024.