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Ringgit surges most in two months as Federal Reserve rate-rise odds decline
[SINGAPORE] The ringgit jumped the most in more than two months on speculation the Federal Reserve will refrain from increasing interest rates in the next few months.
The ringgit rose 1.4 per cent to 4.0885 per US dollar as of 8:29 am in Kuala Lumpur, according to prices from local banks compiled by Bloomberg. That's the biggest advance since March 30. The currency lost 1.6 per cent last week.