The ringgit is extremely undervalued - by 15% to 20% - and expected to make a turnaround in the second half of next year, Standard Chartered analysts said.
Standard Chartered group chief investment strategist/wealth management, Steve Brice, said the ringgit would probably be weaker in the next three months, by three to five per cent from where it was now.
“But when it rebounces, it will be better than its regional peers. It is not the time to get excessively concerned over the weakness of the ringgit as it will probably get stronger towards year-end.
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Standard Chartered group chief investment strategist/wealth management, Steve Brice, said the ringgit would probably be weaker in the next three months, by three to five per cent from where it was now.
“But when it rebounces, it will be better than its regional peers. It is not the time to get excessively concerned over the weakness of the ringgit as it will probably get stronger towards year-end.
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