Ringgit to strengthen in coming months on steady OPR?

Economists suggest that a steady overnight policy rate at 3 per cent could help strengthen the ringgit against the US dollar.
This is especially if and when the US Federal Reserve reduces its rates.
Bank Negara Malaysia is expected to keep the OPR unchanged at its July 11 meeting.
Dr. Mohd Afzanizam Abdul Rashid of Bank Muamalat Malaysia believes a stable OPR provides predictability for businesses and households, supports purchasing power, and could boost the ringgit if the US Fed cuts rates.
He says once US cut rates the interest rate differentials between the countries will reduce and support the ringgit’s appreciation.
Standard Chartered in its note says it will look out for cues from Bank Negara Malaysia (BNM) on the ringgit.
It views BNM’s comments from May that the ringgit does not reflect its economic fundamentals as an upgrade from March, when it said the ringgit was undervalued.
Read more: shorturl.at/meUss
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[@SongPeehoa]

Where are those people who screamed when the dollar was low??