Tag: ringgits rise but for how long
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Ringgit: Happy, yes. Lasting, maybe. Undervalued, still is.
I would like to reiterate, the Malaysian economy has not suddenly improved so much that the Ringgit appreciated so much and reached the highest level against Singapore dollar for past 6 months or highest level in 3 months versus US$. This was my same argument when Ringgit kept falling. The economy has not deteriorated so…