Monday, 23 July 2007

Malaysia's Ringgit Rises to 7-Week High; Rates Forecast to Stay on Hold

(Bloomberg) -- Malaysia's ringgit rose to the
strongest in seven weeks before a central bank meeting where
policy makers are expected to keep the benchmark rate unchanged.

The local currency traded at 3.404 against the U.S. dollar
as of 9 a.m. in Kuala Lumpur from 3.4085 yesterday, according to
data compiled by Bloomberg. It earlier climbed to 3.4020, the
highest since June 5.


Read more at Bloomberg Currencies News

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