"The US dollar is gaining strength and investors are moving funds into the greenback. The yield on the US 10-year Treasury note has jumped from 1.37 per cent to 2.36 per cent in just four-and-a-half months," he told Bernama. "I strongly believe the ringgit will soon stabilise and appreciate to the level of 4.20 to 4.30 (against the US dollar) within this month or January next year. Shan highlighted that besides the ringgit, all other currencies in the region have taken a beating from the US dollar. "It is because the US dollar is gaining strength and investors are moving funds into the US currency due to Trumponomics," he added.

Source: New Strait Times December 01, 2016 10:33 UTC