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Cheap ringgit set to rise as current account improves: UBS Group

Mimi Sabreena 3:04:00 PM Informasi

HONG KONG (June 22): Malaysia’s ringgit is one of the region’s “cheapest” currencies and is set to strengthen later this year, as the nation’s current-account surplus improves, according to the wealth-management unit of UBS Group.

* Thailand’s baht and Indonesia’s rupiah may fall as their trade balances deteriorate, says Dominic Schnider, head of commodities and Asia-Pacific foreign exchange on Hong Kong.

* USD/MYR will initially rise to 4.10 in the next 3 months, before ringgit starts to appreciate.

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