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

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...

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