By Stephanie Jacob
2015 saw the ringgit depreciate as a combination of factors dragged it down against the US dollar. With the US Federal Reserve Bank raised interest rates in December, oil prices still down and political uncertainties still unresolved, how will the ringgit perform in 2016 and what factors might give it a boost?
Issues
#1
A combination of uncertainty over when the US Federal Reserve Bank would raise rates and the plunging oil prices created a perfect storm which has weakened the ringgit against the US dollar in ...
#2
The Fed's decision in mid-December, persistent low oil prices and domestic uncertainties mean that the ringgit is likely to remain undervalued in 2016, trading above the RM4 mark.
2015 saw the ringgit depreciate as a combination of factors dragged it down against the US dollar. With the US Federal Reserve Bank raised interest rates in December, oil prices still down and political uncertainties still unresolved, how will the ringgit perform in 2016 and what factors might give it a boost?
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