1905 ET – The Malaysia ringgit, like the South Korean won, has been rallying of late on prospects of a rate-hike cycle starting there as well. But the currency has also been undervalued relative to highflying regional peers, contends Oanda’s Stephen Innes. The ringgit is at 14-month highs versus the dollar, nearly MYR4.00. “With the BoK set to raise interest rates as the domestic economy continues to soar, expect the MYR to ride any buoyant won sentiment,” he adds.
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