Published: 2010/07/09
Malaysia’s ringgit, Asia’s best-performing currency this year, may continue to outperform as a strengthening economy forces the central bank to raise interest rates, according to Brown Brothers Harriman & Co.
The currency may climb 0.7 per cent to 3.1720 per dollar, Win Thin, a New York-based senior currency strategist, wrote in a note yesterday.
He predicted a 25 basis point interest-rate increase every quarter.
Bank Negara Malaysia yesterday lifted the overnight rate by a quarter of a percentage point to 2.75 per cent, a move predicted by half of 20 economists a Bloomberg survey. -- Bloomberg
http://www.btimes.com.my/Current_News/BTIMES/articles/20100709084557/Article/index_html
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