(Bloomberg) -- Malaysia's ringgit rose by the most
since March on speculation gains in Asian stocks will lure
investors.
The currency snapped four days of losses that saw it drop
2.4 percent last week, the biggest decline since Bank Negara
Malaysia scrapped a peg to the dollar in July 2005. Global
investors exited emerging-market assets last week on concern
rising interest rates around the world would slow consumer
spending and investment.
Read more at Bloomberg Currencies News
since March on speculation gains in Asian stocks will lure
investors.
The currency snapped four days of losses that saw it drop
2.4 percent last week, the biggest decline since Bank Negara
Malaysia scrapped a peg to the dollar in July 2005. Global
investors exited emerging-market assets last week on concern
rising interest rates around the world would slow consumer
spending and investment.
Read more at Bloomberg Currencies News
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