MARC Ratings Bhd chief economist Ray Choy
KUALA LUMPUR: The ringgit is expected to strengthen further against the US dollar, driven by ongoing global monetary easing from major central banks and a sustained positive interest rate differential.
Malaysia Rating Corporation Bhd (MARC) chief economist Ray Choy said this upward trajectory has, in turn, attracted increased equity positioning by foreign investors in Malaysia and a rise in foreign holdings of government bonds.
