Near-term ringgit peg change unlikely

"In the short term the general election is a distraction that must be got out of the way," said Simon Flint, senior strategist at Bank of America in Singapore. "You can’t possibly consider a major change like ringgit regime change while you’re fighting at the polls."

"In the event of a review [of the peg], a change…would likely come only after the elections," added Irene Cheung, Asian sovereign and FX strategist at ABN Amro in Singapore. Although she stressed that the conditions outlined by

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: