Malaysian Ringgit Rises as FX Market Keeps Good Sentiment

The Malaysian ringgit, as well as other Asian currencies, appreciated today as the Forex market kept positive mood from yesterday and traders were hopeful about resolution of Greek problems.
Market participants again feel optimism on signs that talks about a new round of bailout for Greece progress and are nearing to conclusion. The International Institute of Finance said that the discussion between Greece and private bondholders was “constructive”. Furthermore, there is speculation that China may aid Europe.
USD/MYR fell from 3.0125 to 3.0030 as of 10:34 GMT today.

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