Ringgit rallies, erasing year’s losses against SGD

Favourable external conditions and rosier prospects have strengthened the Malaysian currency by nearly 4% this year

THE ringgit – named the worst-performing currency in emerging Asia last year – has erased all its losses for the year to gain 3.7 per cent against the Singapore dollar since January.

The star performer in Asia in the past three months, the Malaysian currency was trading at 3.35…

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