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Standard Chartered Bank Malaysia said the ringgit was the best-performing currency in Asia excluding Japan in the second quarter, gaining 2.5% against the dollar. Foreign investors had been net buyers of Malaysian equities for four months and had turned net buyers of Malaysian debt in April.
Sustained ringgit gains lower dollar-priced feed import costs for Malaysian buyers, though the bank expects Bank Negara may limit appreciation by rebuilding reserves.
theborneopost.comchinMay 18, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
