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Ringgit nearing crisis peg as Zeti's optimism not shared by everyone
Macquarie Bank is reviewing year-end forecast of 3.75 per US dollar after currency sinks to within 0.7% of 3.80 peg imposed by Mahathir in 1998
The ringgit is down 5.3 per cent at 3.7635 per US dollar in the past month, Asia's worst performance, and analysts are once again lowering end-2015 projections.
PHOTO: AFP
Kuala Lumpur
MALAYSIA'S ringgit is sliding towards its fixed exchange rate of a decade ago and central bank assurances the weakness will prove temporary aren't convincing everyone.
Macquarie Bank Ltd is reviewing its year-end forecast of 3.75 per US dollar after the currency sank
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