Fitch Solutions unit raises 2024 Malaysian ringgit forecast to 4.00 against USD

KUALA LUMPUR, Sept. 27 (Xinhua) -- BMI Country Risk and Industry Research, a Fitch Solutions unit, has on Friday raised its end-2024 Malaysian ringgit forecast to 4.00 against U.S. dollar (USD), from 4.55.

The research house said in a note that this is reflecting the currency's robust performance in the third quarter of 2024.

It is noted that the ringgit has reversed its broad weakening trend since the st