By Mrigank Dhaniwala
Nikkei Markets
KUALA LUMPUR (Nov 20) -- The Malaysian ringgit is likely to continue its uptrend after hitting a 13-month high today as prospects for a domestic interest rate hike solidify, alongside steady economic growth.
The currency strengthened to 4.1530 against the dollar today, the highest since Oct. 26, 2016, after Malaysia reported a stronger than expected growth in the third quarter and the central bank said it is considering a review of its accommodative policy given the strength of global and domestic macroeconomic conditions.