Research house sees fundamentals, narrowing rate differentials to drive firmer ringgit

KUALA LUMPUR, Aug. 23 (Xinhua) -- A research house has foreseen Malaysia's healthy economic fundamentals and narrowing rate differentials to drive a firmer ringgit, the local currency.

AmBank Group said in a note on Thursday that as the U.S. Federal Reserve (Fed) had already signaled the possibility of a September rate cut, the market may see the ringgit holding its ground.

Looking past recent volatility,