Monday, July 30, 2007

Malaysian Ringgit Gains as Stocks Rise; Government Bonds Little Changed

(Bloomberg) -- Malaysia's ringgit rose, ending a
four-day slump, as stocks rebounded and concern about risk
reduction eased. Government bonds were little changed.

The currency climbed after touching the lowest in almost a
month yesterday as U.S. stocks recovered from the worst two-day
slide since 2003, helping local stocks advance. A government
report this week may show export growth accelerated last month,
underpinning economic expansion in the second half of the year.


Read more at Bloomberg Bonds News

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