The ringgit has rallied back to its August 2014 levels, recovering from the lows seen last year as US Federal chair Janet Yellen reiterated her cautious stance on the market and future rate rises.
The ringgit is at its year-to-date high and closed at 3.9352 against the US dollar.
The currency has gained some 10.85%, as risk sentiment has perked up following a confirmation by Yellen.
Nomura said that it was “broadly positive” on the ringgit from a macroeconomic standpoint.
According to the research house, Malaysia has resilient macroeconomic growth, credible fiscal and monetary policy amid reduced political risks, higher commodity prices and forex valuations that are going in its favour.
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The ringgit is at its year-to-date high and closed at 3.9352 against the US dollar.
The currency has gained some 10.85%, as risk sentiment has perked up following a confirmation by Yellen.
Nomura said that it was “broadly positive” on the ringgit from a macroeconomic standpoint.
According to the research house, Malaysia has resilient macroeconomic growth, credible fiscal and monetary policy amid reduced political risks, higher commodity prices and forex valuations that are going in its favour.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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