Ringgit May Rebound on Capital Flow Measures, Analysts Say


The Malaysian currency may trade at 3.95 per dollar by year-end, according to Royal Bank of Canada, as Bank Negara Malaysia steps up measures to encourage the repatriation and conversion of companies’ overseas earnings. An analyst at Australia & New Zealand Banking Group sees the ringgit strengthening to 3.80, which would be the highest since 2015.



Source link

  • Related Posts

    Questerre wins first bid round for Nova Scotia exploration rights

    Advisory Regarding Forward-Looking Statements This news release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”) within the meaning of applicable securities laws in Canada. Any statements about…

    Workers in China worry over being replaced as they adapt to the growing impact of AI on jobs

    HONG KONG (AP) — Computer programmer Fei Zhaojun’s boss asked him if artificial intelligence could soon replace humans in coding jobs. Two weeks later, he was laid off from his…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Harlem’s Fashion Row Releases Honorees for 19th Annual Fashion Show & Style Awards

    Harlem’s Fashion Row Releases Honorees for 19th Annual Fashion Show & Style Awards

    Media Accreditation now open for the G7 Leaders’ Summit

    Questerre wins first bid round for Nova Scotia exploration rights

    ‘Murderbot’ Adds Steve Buscemi and More For Season 2

    ‘Murderbot’ Adds Steve Buscemi and More For Season 2

    Police investigate after 5 bodies found in rural area outside Portland, Oregon

    Police investigate after 5 bodies found in rural area outside Portland, Oregon

    Why U-2 Pilots Breathe Pure Oxygen For An Hour Before Flying To 70,000 Feet

    Why U-2 Pilots Breathe Pure Oxygen For An Hour Before Flying To 70,000 Feet