Malaysia’s Balanced Macro Profile Supports Ringgit, Says MUFG
MUFG highlights Malaysia’s above-trend growth, low inflation and robust external demand as factors underpinning the ringgit.
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MUFG notes that Malaysia remains one of Asia’s stronger-performing economies. Above-trend growth, low inflation and robust external demand are cited as supportive factors for the ringgit. The bank maintains a positive view on the currency amid the balanced macro profile.
Source: FXStreet Forex News