Will Malaysian Ringgit Continue To Drop 2017

Malaysian ringgit likely to continue depreciating until end 2017 says scotiabank.
Will malaysian ringgit continue to drop 2017. Kuala lumpur dec 21. Kuala lumpur april 16 the ringgit continued its downward trajectory for the fourth consecutive day as bleak us economic data drove us dollar demand. A a. Publicinvest research in its first half of 2017 market strategy note said the ringgit could recover to average between 4 10 and 4 15 for 2017 on improvements in macroeconomic conditions and a reversal of flow back into malaysia.
December 21 2017 13 44 pm 08. A malaysia ringgit note is seen in this illustration photo june 1 2017. Singapore the singdollar rose against the ringgit on thursday dec 20 a trend that has continued since april when the malaysia ringgit was strongest against the singdollar this year. In its updates on the financial market statement bnm s financial markets committee fmc noted that the ringgit had strengthened by 10 1 in 2017 and traded within the range of 4 05 to 4 09 against the us dollar in december.
Ringgit continues to fall for fourth straight day.