(Bloomberg) -- Malaysia's ringgit will strengthen in the next 12 months as economic growth remains ``solid'' and capital inflows will increase, according to Forecast Pte.
The currency will climb 1.2 percent against the U.S. dollar by April 2008, extending a six-month rally that has pushed it to a nine-year high, Vishnu Varathan, a economist at the Singapore- based research company wrote in a report today. Signals from the central bank that it will tolerate greater currency flexibility will also underpin gains, he said.
Read more at Bloomberg Currencies News
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