Ringgit seen to trade at 4.15-4.20 range
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The ringgit is expected to trade stronger, projected in the 4.15-4.20 range against the US dollar; it surged to its highest level since March 2022, becoming the world's top-performing currency last week; analysts at Kenanga Research noted a 12.67% rise against the US dollar in six months; the ringgit closed at 4.2005/2070 on September 22, 2024, following a 50 basis points rate cut by the US Federal Reserve on September 18, 2024; the ringgit also strengthened against the euro, British pound, and Japanese yen; Kenanga Research revised its end-2024 forecast for the US dollar-ringgit to 4.25; SPI Asset Management's Stephen Innes indicated a continued bullish bias for the ringgit, expecting a trading range of 4.1875 to 4.2025.

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https://www.nst.com.my/business/economy/2024/09/1109364/ringgit-seen-trade-415-420-range