KUALA LUMPUR: The Malaysian ringgit is set for its best quarter since 1973, with a likely refrain by the central bank from cutting interest rates seen to extend the currency’s rally.
The ringgit has risen more than 12% against the greenback so far this quarter, making it the best performing emerging market currency. Narrowing rate differentials with the United States, improving trade performance and attractive asset valuations may help the ringgit strengthen further, analysts said.
