Credit Suisse remains negative on ringgit and re-rates yuan

23 June 2015 | 2 minutes read

Further expected negative developments in Malaysian markets have led Credit Suisse to downgrade its view on the ringgit while a stabilising yuan has motivated an upgrade. The third largest private bank in Asia by AUMs raises its point forecasts USD/MYR to 3.80 in three months and 3.95 in 12 months, retaining its negative rating on the currency. Expectation of a…

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