Thursday, May 31, 2007

Malaysia's Ringgit Rises as Report Next Week May Show Rebound in Exports

(Bloomberg) -- Malaysia's ringgit rose before a
government report next week that's forecast to show exports
rebounded in April, ending a two-month slump.

The currency has extended a three-month rally to near the
highest since February 1998 after Bank Negara Malaysia on May 30
said the economy grew faster than expected in the first quarter.
On that day Governor Zeti Akhtar Aziz also said the ringgit's
strength has had ``no adverse impact'' on local manufacturers.


Read more at Bloomberg Currencies News

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