The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

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

Published Fri, Oct 9, 2015 · 05:21 AM
Share this article.

[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

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here