KUALA LUMPUR: As Malaysians rejoice over the success of national athletes in bringing home medals from the 2024 Paris Olympics, Datuk Seri Dr Ahmad Zahid Hamidi stresses the importance of recognising and appreciating the sacrifices of all athletes who have carried the country’s challenge.
Emerging markets - Asian forex tepid ahead of key central bank meetings; Thai baht and Indonesian rupiah biggest losers
Analysts are optimistic that the ringgit could strengthen further, as the US dollar is seen weakening in anticipation of an interest rate cut by the US Federal Reserve starting as soon as next month. Firstly, the recovery in electrical and electronics exports and trade surplus may add up to US$2bil per month in net foreign currency proceeds through end-2024,” the brokerage wrote in its report yesterday.
For now, Kenanga Research maintained its projection of ringgit-to-US-dollar exchange rate at RM4.42 by end-2024.
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