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

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 hedging initiatives by expanding the list of frequently asked questions.