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The Malaysian Ringgit tracked regional currency losses last month amid the strength of the US Dollar. Economists at MUFG Bank analyze USD/MYR outlook.
We expect Ringgit to remain largely range-bound in near term.
Although a positive correlation with CNY could lend some support to Ringgit, this is unlikely to reverse the depreciation pressure coming from a strong Dollar and high US bond rates.
We expect a roughly 4% appreciation of Ringgit against the Dollar in 2024, due to reliance in economic activity, improving chips exports, and a weaker USD in medium term
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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