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  • Writer's pictureBait Al-Amanah

FMT Interview: Ringgit can hold its own against ‘attractive’ Asean currencies

The ringgit is unlikely to be left behind even as more funds flow in to support the currencies of Asean neighbours such as Indonesia, Thailand and the Philippines which have hiked their interest rates recently.

Asia’s emerging-market currencies are apparently proving attractive to investors willing to bet on local central banks keeping interest rates high amidst the fading strength of the US dollar

Bait Al Amanah research assistant Yugendran T Kannu Sivakumaran concurred that keeping the OPR steady may not significantly affect the ringgit.

Read more here.

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