Daily Market Report (25 June 2019)
- Reflecting the prevailing scenario as we are entering into a lower interest rate regime, the MYR has actually performed rather credibly against the greenback.
- For the past month, the local currency strengthened from the RM4.20/US$1 level to the current MYR4.14/US$1.
- We reckon the MYR will continue to strengthen vis-à-vis the US$ and expect it to re-test the MYR4.00/US$1 over the next few months.
