Malaysian ringgit rises over 1% on bond inflows
[SINGAPORE] Malaysia's ringgit gained more than one per cent on Monday to near a one-week high as foreign investors bought local bonds ahead of the central bank's monetary policy meeting later this week.
The ringgit advanced as much as 1.2 per cent to 3.9850 per US dollar, its strongest since July 5.
Most the government bond prices rose, with the five-year yield at as low as 3.243 per cent, the lowest since June 2013.
Malaysia's central bank meets on Wednesday to decide its overnight policy rate.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons