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Ringgit tumbles to 4.50 to US$; expected to slide to 4.70 by mid-2017

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Currency analysts contend that Malaysia’s recent FX curbs are counter-productive and that it would be better to open the market to offshore trading.

Kuala Lumpur

THE beleaguered Malaysian ringgit breached 4.50 to the US dollar on Wednesday to presage a trek further south, likely towards 4.70, analysts say.

The breach just days into 2017 came even as the central bank sought to provide greater clarity on its recent liquidity and

sentifi.com

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