Ringgit peg likely to end, say analysts
The conviction that the unit is likely to end its link to the greenback follows recent comments by the Malaysian prime minister Abdullah Ahmad Badawi that Malaysia is seeking ways to reduce its reliance on the dollar for trade.
Dominique Dwor-Frecaut, director, emerging markets research at Barclays Capital in Singapore, said she expects a change in the Malaysian unit’s peg in 2005 for a number of reasons. "With a pegged exchange rate, Malaysia has relied on fiscal policy to maintain its economic
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