Ringgit peg set to hold firm

A relaxation of the peg "is extremely unlikely in the near-term at least", said Claudio Piron, head of FX strategy at Standard Chartered Bank in Singapore. "Badawi intends to maintain the peg."

Chia Woon Khien, Development Bank of Singapore (DBS) senior market strategist in Singapore, noted that as a chosen successor to Mohamad, he is unlikely to undo "some of the very significant monuments" left behind by him.

Other preoccupations are also likely to predominate, said Irene Cheung, sovereign