Ringgit turnaround set to hasten on export boom

OCBC is forecasting for the ringgit to rise to 4.60 per dollar by mid-2025. — Bloomberg

SINGAPORE: The ringgit’s rebound is gathering pace, thanks to stronger growth and expectations of an impending interest rate cut by the Federal Reserve (Fed).

After falling to a 26-year low in February, the currency is now less than 1% away from erasing its losses for the year.