Malaysia's Ringgit Overcomes This Year's Slow Start as Inflows Gather Pace [Yahoo! Finance]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance
(Bloomberg) -- The Malaysian ringgit has raced ahead of all its Asian peers in the past three months and if market watchers are right, the move is set to gain traction. Most Read from Bloomberg Donald Trump Becomes First Former US President Guilty of Crimes World's Largest Nuclear Plant Sits Idle While Energy Needs Soar South Africa Election Results With 29% Voting Districts In Insurers Sink as UnitedHealth Sees ‘Disturbance' in Medicaid ‘Not Gonna Be Pretty:' Covid-Era Homebuyers Face Huge Rate Jump The currency — which has climbed nearly 1% since the end of February — is expected to rise to 4.65 per dollar by year-end from 4.7050 now, according to strategists surveyed by Bloomberg. Rising foreign inflows and income repatriation by state firms are fueling the optimism. Analysts are predicting that the ringgit's rebound from a 26-year low will prove more lasting than a previous attempt as global funds return to Malaysian assets and the export outlook improves. Local s
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