Kuala Lumpur, Feb. 14 -- MUFG Bank Ltd expects the ringgit to strengthen toward 3.70 against the US dollar by end-2026, underpinned by a more durable appreciation cycle driven by structural fundamentals.
Its senior currency analyst, Lloyd Chan, was quoted by local media as saying that the forecast is anchored in sustained information and communications technology (ICT)-led investment inflows, macroeconomic stability, supportive policy settings, and improving capital flows.
Malaysia's economy is undergoing a strong investment cycle that will support its medium-term growth outlook, he said in a research released on February 12.
Investment approvals in manufacturing and services rose 14.7% year-on-year in the first nine months of 2025, with...