WITH expectations of further yuan devaluation, the prospects for a weaker ringgit has come under the spotlight.
A question relating to what extent could the ringgit drop on the back of yuan weakening has drawn mixed views.
“A sudden devaluation by as much as 15% may happen for the yuan this year and this may trigger a sudden drop in the ringgit of about the same order,” said Pong Teng Siew, head of research, Inter-Pacific Securities.
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A question relating to what extent could the ringgit drop on the back of yuan weakening has drawn mixed views.
“A sudden devaluation by as much as 15% may happen for the yuan this year and this may trigger a sudden drop in the ringgit of about the same order,” said Pong Teng Siew, head of research, Inter-Pacific Securities.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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