Ringgit seen at 4.26 versus USD amid trade war - UOB

Ringgit seen at 4.26 versus USD amid trade war - UOB

The Edge Markets - Malaysia·2019-09-16 14:07

KUALA LUMPUR (Sept 16): The ringgit is expected to weaken to 4.26 against the US dollar by mid-2020 in anticipation that the US-China trade conflict will hurt Malaysian exports, UOB Global Economics and Markets Research said today.

UOB said today in its quarterly global outlook report that FTSE Russell’s decision this month on the status of Malaysian bonds in FTSE Russell’s World Government Bond Index (WGBI) is also a key risk for the ringgit.

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