tags - Sinar Daily

Deputy Finance Minister Datuk Seri Ahmad Maslan - Photo by Bernama

Recent reports indicate that the ringgit has experienced a nearly six per cent decline in the first half of 2023, making it the worst performer among Asian currencies. - FILE PIX by Bernama

Selangor PH chairman Datuk Seri Amirudin - BERNAMA

KUALA LUMPUR, June 27 - Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz delivering a keynote address at the Second Malaysian Banking Conference. - BERNAMA photo (2023) COPYRIGHT RESERVED

Illustrative photo (123rf)

Hong Leong Investment Bank Research said in its recent report that it expects the ringgit to have an overall depreciation trend in the second half with an average of USD-MYR 4.67 to reach a 2023 average of 4.56 and year-end target of 4.40.Hong Leong Investment Bank Research said in its recent report that it expects the ringgit to have an overall depreciation trend in the second half with an average of USD-MYR 4.67 to reach a 2023 average of 4.56 and year-end target of 4.40. Photo for illustrative purposes only - 123RF

A photo of Breonna Taylor is seen among other photos of women who have lost their lives as a result of violence during the 2nd Annual Defend Black Women March in Black Lives Matter Plaza on July 30, 2022 in Washington, DC. (Photo by Leigh Vogel/AFP)

US President Joe Biden speaks about the economy at the Old Post Office in Chicago, Illinois, on June 28, 2023. - Photo by AFP

Two indicators that have led to the prediction, which are the US Conference Board’s leading economic index and the shape of the yield curve in the US Treasury. - AFP PIX