Malaysian Ringgit Will Be a `Washout'

Malaysia's ringgit, Southeast Asia's second-worst performer in the past three months, will be "a washout'' in 2008 as a growing budget deficit and policy inaction on inflation turn investors away, a think tank said.The ringgit will probably weaken to 3.5 per dollar by year end, Ariff Kareem, executive director of the Malaysian Institute of Economic Research.

Full article at Bloomberg Asia.