AmBank Research expected the ringgit to hover around the 3.98–4.04 levels against the greenback on average, although it may give up some of its gains during the year.
PETALING JAYA: The ringgit is expected to remain on a positive trend this year on the back of a weakening United States dollar, despite near-term challenges for the Malaysian currency.
AmBank Research said the still-largely undervalued ringgit in real effective exchange rate (REER) terms will remain as an attractive valuation as it will provide support to the currency over the long term.
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