Friday, January 14, 2011

Ringgit to Trend Higher on Tightening Policy

January 14, 2011

The Ringgit Malaysia and regional currencies are anticipated to trend higher this year ensued from the Government weigh on inflation versus the need for economic growth.

As the Figure shown below, the Ringgit hit a fresh of 3.053 to the US Dollar in yesterday trade before selling at 3.054, on expectations of a hike in the Overnight Policy Rate (OPR) which currently set at 2.75%.

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