Stronger ringgit: A file picture showing ringgit notes among US dollar bills. A dealer says the ringgit has started to pick up momentum in line with regional currencies. – Reuters
KUALA LUMPUR: Citi Research targets the ringgit to strengthen to 4.0 against the US$1 with the local unit going a long way to maybe below 3.50.
Citi Research also said after a strong first quarter gross domestic product (GDP) growth, led by domestic demand for fixed investment and consumption, its economists have raised their 2017 and 2018 GDP forecasts to 5.2%, from 4.5%.
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