Maybank sees ringgit rising to RM4.60 against US$ by year-end

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Maybank sees ringgit rising to RM4.60 against US$ by year-end
Maybank ResearchBank Negara MalaysiaOvernight Policy Rate
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A 19-year-old woman last seen wading in a river in a video on a recovered phone has been found dead, Utah sheriff’s officials told news outlets.

KUALA LUMPUR: Maybank Research sees the ringgit ending this year firmer at RM4.60 versus the American dollar on the expectation of 50 basis points cuts in the US interest rate later this year amid a stable overnight policy rate in Malaysia.

"It traded within the RM4.68 to RM4.71 range versus US dollar from May 15 to May 31, 2024 after weakening to the low of RM4.80 twice this year on Feb 20 and April 16 ,” it said in a report called"Asean Frontiers: The New Trailblazers.” On the OPR, the firm said the"key domestic wildcard is inflation” following the introduction of the Account 3 by the Employees Provident Fund as consumer spending surge from Account 3 withdrawals.

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