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Top Malaysian banker sees ringgit rebound

Currency has lost about 22% since the start of 2015 and is worst-performing in emerging Asia
Wednesday, January 11, 2017 - 05:50

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On Jan 4, the ringgit breached 4.50 a US dollar for the first time since 1998 as investors continued to sell down emerging-market assets and after a crackdown on currency speculators.

Kuala Lumpur

MALAYSIA'S ringgit is set to rebound from a 19-year low as official measures to boost demand for the currency kick in, according to a top banker and member of the central bank's financial markets committee.

An appreciation of the ringgit can happen very quickly, said

sentifi.com

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