AmBank: Ringgit resilience to continue if US Fed avoids sharp cuts
The ringgit could hold its resilience and trade around 4.27 against the US dollar this year if the United States Federal Reserve refrains from sharp rate cuts.
KUALA LUMPUR: The ringgit could hold its resilience and trade around 4.27 against the US dollar this year if the United States Federal Reserve refrains from sharp rate cuts.
AmBank (M) Bhd chief economist Firdaos Rosli said the local note was among the top-performing currencies in the first half of 2025, and the positive momentum is expected to persist.
He said the year-end forecast of 4.27 reflects expectations of a mild rebound in US dollar strength and softer support from Malaysia's trade account.
In the near term, Firdaos expects the ringgit to trade within the 4.20–4.25 band, largely influenced by US dollar-driven factors.
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