Buck to Hold Steady Against Ringgit, Predicts Kenanga
Kuala Lumpur, Malaysia — The U.S. buck is predicted to maintain its current trading array versus the Malaysian ringgit following week, according to Kenanga Investment Bank. The bank’s most recent economic outlook recommends continued stability around the 4 05 MYR mark.
- Projection: USD/MYR to remain close to 4 05 following week.
- Source: Kenanga Investment Financial Institution.
- Influence: Services and customers associated with cross-border deals must anticipate very little currency exchange rate changes in the immediate term. Experts cite stable local financial indications as a contributing factor to the anticipated stability. More market observation is recommended.