Bloomberg: Ringgit is still on a climbing path

-A +A

SINGAPORE (Nov 22): The Malaysian ringgit will keep riding the wave of strengthening Asian currencies, underpinned by the prospect of a Bank Negara rate hike in the first half of 2018.

Should the October inflation reading stay above 4% as expected, it will add to last week's blockbuster GDP data. The Malaysian economy is certainly doing its part to give PM Najib the confidence to call for an early election next year.