Malaysian Ringgit: Appreciation trend against US Dollar intact – MUFG
MUFG’s Lloyd Chan notes that USD/MYR has broken lower and remains constructive on the Ringgit, expecting fundamentals to support Ringgit appreciation over the next 12 months.
The Malaysian Ringgit is likely to continue appreciating against the US Dollar as positive fundamentals support this trend over the next year. Traders may expect further downward movement in the USD/MYR pair.
MUFG’s Lloyd Chan notes that USD/MYR has broken lower and remains constructive on the Ringgit, expecting fundamentals to support Ringgit appreciation over the next 12 months.
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