For the week ahead, the ringgit is expected to cross below its 200-day counterpart, affirming its gains against the greenback while potentially paving the way for the ringgit to strengthen further.
“Moving forward, the spectre of domestic political uncertainty may weigh on the ringgit’s performance over the near-term. However, such pressures should prove transitory once there is more certainty surrounding Malaysia’s policy outlook.” On the local front, Tan said, Malaysia’s August industrial production data is expected to register a 0.2% year-on-year increase. However, a better-than-expected reading could buffer support for the ringgit, even as the currency remains primarily influenced by extraneous factors.
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