KUALA LUMPUR: BMI Country Risk & Industry Research (BMI), a unit of Fitch Solutions, has revised its end-2024 forecast for the ringgit to RM4.00 per US dollar (USD) from RM4.55 previously, reflecting the currency’s robust performance in the third quarter (3Q) 2024.
Over the medium term, it continues to hold a positive view on the ringgit as narrowing yield differentials with the United States (US) and a relatively resilient growth outlook bodes well for the local unit.
