The ringgit is likely to trade between RM4.45 and RM4.50 against the US dollar by year-end if China, the world's second largest economy, were to devalue its currency again.
The local currency, which lost 16 per cent so far this year, was trading against the US dollar at 4.1780 and 4.1850 this morning.
Rabobank Head of Financial Markets Research Asia-Pacific Director, Michael Every, said if China did not devalue its currency by year-end then the ringgit would not see any downward pressure.
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The local currency, which lost 16 per cent so far this year, was trading against the US dollar at 4.1780 and 4.1850 this morning.
Rabobank Head of Financial Markets Research Asia-Pacific Director, Michael Every, said if China did not devalue its currency by year-end then the ringgit would not see any downward pressure.
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