Maybank sees ringgit rising to RM4.60 against US$ by year-end

KUALA LUMPUR: Maybank Research sees the ringgit ending this year firmer at RM4.60 versus the American dollar on the expectation of 50 basis points cuts in the US interest rate later this year amid a stable overnight policy rate (OPR) in Malaysia.

The research house said the pressure on the ringgit due to the interest rate differential factor that contributed to the US dollar strength since 2022 will ease.