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Malaysia rate bets fuel ringgit gains as sceptics point to polls

PM Najib may be reluctant to have the nation's first rate hike since 2014 occur before a poll

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National Australia Bank predicts the ringgit will drop to 4.40 per US dollar by year-end, compared with the median forecast in a Bloomberg survey of 4.20. The currency reached 4.1110 on Wednesday, the highest in over a year.

Kuala Lumpur

INVESTORS taking a bet on the Malaysian ringgit need to first guess when Prime Minister Najib Razak will call a general election.

For bulls, Bank Negara Malaysia's hawkish tilt this month and higher crude prices for the net energy-

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