New dose of 'voodoo' from BMI of Fitch Solutions...

After predicting RM3.80 to US dollar, BMI Research now says Malaysian ringgit is forecast to only strengthen slightly to 4.40 against the US dollar by the end of the year.

Reasons: Trump’s win means more modest showing for ringgit this year.

Short-term outlooks suggest the ringgit will trade between 4.80 and 4.20 versus the dollar by mid-2025 as technical indicators show signs of recovery. The ringgit could fare better on a longer horizon, it said.