Fitch Deficit Warning Compounds Ringgit Woes as Fed Hike Nears

  • Ringgit's first monthly advance since April to be short-lived
  • Fitch says Malaysia may miss 2016 deficit reduction target

The ringgit led a decline among Asian currencies this week as Fitch Ratings’ warning that Malaysia may miss its fiscal deficit reduction target added to concern higher U.S. interest rates will spur more capital outflows.

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