People look at the exchange rate at a moneychanger displaying a poster of U.S. dollar bill, Chinese Yuan and Malaysia Ringgit in Singapore in this August 24, 2015 file photo. REUTERS/Edgar Su/Files
MANY people are wondering whether it is time to turn positive on the ringgit, after the emergence of several favourable developments that augur well for the currency.
Year to date, the ringgit has strengthened about 5% against the US dollar and 9% from the weak level of 4.46 to the dollar in September last year. It went below the psychological level of 4.0 to a dollar on Tuesday, hitting a seven-month high.
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