Fund inflows to set ringgit on uptrend against greenback

Bullish on ringgit: The ringgit is expected to perform well against the US dollar in light of the country’s improving economic fundamentals and rising Bank Negara reserves.

KUALA LUMPUR: The recent inflow of funds into the country is expected to set the ringgit on an uptrend against the US dollar this year.

Affin Hwang Asset Management Bhd managing director Teng Chee Wai said he was bullish over the ringgit’s performance with the country’s improving economic fundamentals and as Bank Negara’s reserves continue to rise.