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Ringgit up more than 3% to near 2-month high

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Malaysia's ringgit jumped more than 3 per cent to a near two-month high on Friday as investors unwound bearish bets on the currency after minutes of the Federal Reserve's last meeting added to fading expectations of a US rate hike this year.

[SINGAPORE] Malaysia's ringgit jumped more than 3 per cent to a near two-month high on Friday as investors unwound bearish bets on the currency after minutes of the Federal Reserve's last meeting added to fading expectations of a US rate hike this year.

The ringgit rallied 3.4 per cent to 4.0950 per dollar, its strongest since Aug 20.

Kuala Lumpur stocks also rose more than 1 per cent.

REUTERS

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