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Ringgit likely to strengthen to 3.8 to US$1 by year-end

KUALA LUMPUR: The ringgit, which has been on the downtrend against the greenback lately as a result of solid US economic growth, is expected to stabilise and become stronger by year-end. Affin Hwang Capital chief economist Alan Tan said the ringgit was expected to appreciate to RM3.80 against the US dollar given the country’s strong economic fundamentals and trading activities. “We think the economic fundamentals will support the ringgit towards the end of 2018.

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