Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz announced that foreign analysts are optimistic about the ringgit's recovery, projecting values of 4.37, 4.35, 4.28, and 4.27 against the US dollar for the second to fourth quarters of 2022 and the first quarter of 2023. He attributed the ringgit's current depreciation to temporary factors, including global monetary policy shifts and a weakening Chinese yuan, impacting trade. The ongoing geopolitical tensions have further pressured global economies, leading investors to seek safer assets.FOREIGN ANALYSTS PROJECT STRONGER RINGGIT IN COMING QUARTERS
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz announced that foreign analysts are optimistic about the ringgit's recovery, projecting values of 4.37, 4.35, 4.28, and 4.27 against the US dollar for the second to fourth quarters of 2022 and the first quarter of 2023. He attributed the ringgit's current depreciation to temporary factors, including global monetary policy shifts and a weakening Chinese yuan, impacting trade. The ongoing geopolitical tensions have further pressured global economies, leading investors to seek safer assets.
