“The prospect of a higher overnight policy rate will also help support sentiment in the market. We have a lot of strong catalysts driving the ringgit, with our reserves showing an increasing trend. The central bank’s international reserves amounted to US$102.2 billion (RM431.6 billion) as at Dec 15, 2017 compared with US$101.9 billion (RM430.4 billion) as at Nov 30, 2017. On a Friday-to-Friday basis, the ringgit was stronger against the greenback at 4.0440/0500 versus 4.0770/0800 in the previous week. The ringgit, however, fell against the British pound to 5.4602/4687 from 5.4587/5639 and weakened vis-a-vis the euro to 4.8451/8535 from 4.8304/8344.

Source: New Strait Times December 30, 2017 03:11 UTC