StanChart sees ringgit rising to 3.90 against US dollar by end-2021 | Malay Mail

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KUALA LUMPUR, Jan 14 — Standard Chartered (StanChart) targets the ringgit to strengthen against the US dollar to 3.90 by year-end with an overweight recommendation on the domestic currency. Its head of Asean and South Asia forex research, Divya Devesh, said the ringgit would outperform the...

Thursday, 14 Jan 2021 06:47 PM MYT

Its head of Asean and South Asia forex research, Divya Devesh, said the ringgit would outperform the regional currencies in line with an improvement in global trade, recovery in commodity prices and a stronger Chinese yuan. Divya said commodity prices had rallied, including those exported by Malaysia such as crude palm oil and liquefied natural gas, which should boost the country’s exports and the ringgit.

 

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