Ringgit Forecast: Trump's Win Dampens Hopes for Stronger Malaysian Currency
2025-01-13
Malay Mail
The Malaysian ringgit is expected to experience a modest strengthening to 4.40 against the US dollar by year-end, according to BMI Research. This revised forecast comes after the research firm previously predicted a more significant surge. The impact of Donald Trump's presidential win has led to a more cautious outlook for the ringgit, with potential economic uncertainties affecting the currency's performance. Foreign exchange markets will be closely watching the situation, as the ringgit's value could be influenced by trade policies and global economic trends. With a slight improvement predicted, the ringgit may still face challenges in the coming months.