The Malaysian ringgit rose today as the economic growth in Asian region draws investors and causes the speculation that Asian nations will raise their interest rates to deal with the rapid growing inflation.
The Asia Dollar Index, tracking 10 Asian major currencies excluding the yen, rose 0.6 percent this week to 116.49 by 16:21 in Hong Kong. The index advanced after the Philippines and Taiwan reported faster than expected economic growth.
USD/MYR went down from 3.0460 to 3.0445 as of 9:32 GMT today.
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