Ringgit set to extend gains as banks cite strong fundamentals
KUALA LUMPUR, Feb. 4 (Xinhua) -- Malaysia's ringgit (MYR) is set to extend its gains against the U.S. dollar, underpinned by strong foreign investment inflows, a resilient trade surplus and narrowing interest rate differentials.
UBS said in a recent note that amid multiple tailwinds for the Malaysian economy, it expects the USD-MYR downtrend to persist.
"Accordingly, we lower our USD-MYR forecasts to 3.90