Ringgit to trade between 4.18 and 4.20 against US dollar by end-2018 — MIER
KUALA LUMPUR (July 19): The ringgit is expected to trade between 4.1800 and 4.2000 against the US dollar by the end of this year due to capital flows amid global interest rate differentials, according to the Malaysian Institute of Economic Research (MIER).
MIER executive director Dr Zakariah Abdul Rashid and senior research fellow Dr Zulkiply Omar said normalisation of interest rates besides shifting trade flows will result in weaker demand for the ringgit.
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