CGS International says downside risk to ringgit remain, targets 4.4 by year-end, 4.2 by end-2025
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CGS International projects the ringgit to end 2024 at RM4.40 against the US dollar and RM4.20 by end-2025; downside risks to the ringgit are noted due to sharp movements; Bank Negara Malaysia may adopt a hawkish stance; the US Federal Reserve is expected to signal a rate cut on September 24, 2024; potential for ASEAN currencies to appreciate due to narrowing interest rate differentials; risks include excessive appreciation and potential US recession; CGS International emphasizes sustainable consumption and investment momentum until 2025.
#Ringgit #CgsInternational #BankNegaraMalaysia #UsFederalReserve #AseanCurrencies #EconomicForecast #Malaysia #CurrencyRisk #Investment #InterestRates
https://www.nst.com.my/business/economy/2024/08/1097250/cgs-international-says-downside-risk-ringgit-remain-targets-44-year
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