(Bloomberg) -- The Malaysian ringgit will rise 3
percent by year-end as the central bank permits gains and exports
withstand a stronger currency, said HSBC Holdings Plc.
The currency, up 3.8 percent this year and close to the
strongest since 1998, reflects the nation's economic fundamentals,
Bank Negara Malaysia Governor Zeti Akhtar Aziz said May 30. It
contrasts with China and South Korea that are seeking to boost
outflows to stem gains in their currencies.
Read more at Bloomberg Currencies News
percent by year-end as the central bank permits gains and exports
withstand a stronger currency, said HSBC Holdings Plc.
The currency, up 3.8 percent this year and close to the
strongest since 1998, reflects the nation's economic fundamentals,
Bank Negara Malaysia Governor Zeti Akhtar Aziz said May 30. It
contrasts with China and South Korea that are seeking to boost
outflows to stem gains in their currencies.
Read more at Bloomberg Currencies News
No comments:
Post a Comment