Malaysian ringgit

SINGAPORE (June 1): The Malaysian ringgit has recovered substantially since falling to a record low of 4.45 against the US dollar in September last year. On June 1, the USD/MYR traded at 4.15, a level which is still undervalued against the currencies of M

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.

KUALA LUMPUR (May 19): Malaysia’s ringgit slid to the weakest level in two months after minutes of the Federal Reserve’s April meeting boosted speculation US policy makers will raise interest rates as soon as next month.