KUALA LUMPUR: The ringgit is expected to rise against the US dollar this year, averaging at RM4.23 against the greenback but at a slower pace due to evolving US monetary policy, according to MIDF Amanah Investment Bank Bhd.
The investment bank said that while US monetary policy easing is expected to be more gradual than initially projected and interest rate differentials may remain wide, it believes the eventual narrowing will support emerging market currencies, including the ringgit.
