PETALING JAYA: Economists are renewing their optimism for the ringgit following its week-long winning streak against a basket of major currencies including the US dollar, betting for the strong showing to press on as the local note’s appreciation is supported by domestic and external conditions.
The current uptrend has been notable given its strengthening is not only against the greenback, but also compared to other major and regional currencies including the euro, yuan, yen, Singapore dollar and baht.
