Malaysian ringgit leads emerging units higher as oil rises

TOKYO (May 26): Higher-yielding currencies in Asia moved higher against the dollar Thursday, as sentiment in emerging markets picked up as Brent crude passed US$50 a barrel for the first time this year.

Analysts said recent data from the US indicated that the global economy was showing signs of a gradual recovery, but warned that it was unclear whether long-term sentiment could stay positive.

The oil-reliant Malaysian ringgit led gains among higher-yielding, but riskier, emerging units, up 0.6%.

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