Malaysia’s Currency Rally Not Over Yet as Analysts Eye Rate Cuts

Malaysia’s ringgit is poised to restart a rally, potentially hitting its strongest level against the dollar in almost a year, as analysts see a dovish central bank and fiscal pledges boosting sentiment.

The ringgit may appreciate to 4.15 per dollar in the fourth quarter on further central bank easing, according to Oversea-Chinese Banking Corp., while Malayan Banking Bhd. forecasts 4.10 by December. MUFG Bank Ltd. expects a gain of 1.5% from current levels as a US tariff deal boosts Malaysia’s export competitiveness.