Malaysian Ringgit Rises Together with Other Asian Currencies

The Asian currencies, including the Malaysian ringgit, gained today as the speculation, that the region’s economic growth would outpace the US and the European expansion, continues to attract the foreign investors to Asia.

The analysts expect today’s report to show that Germany’s exports haven’t grown in July, fueling the concerns for the European economy. The Asia Dollar Index, tracking the Asian 10 most-traded currencies excluding the Japanese yen, gained 0.1 percent after it touched 112.56 on September 6th, the highest level in almost a month.

USD/MYR fell from 3.1280 to 3.1135 today as of 9:06 GMT after it jumped to the intraday high of 3.1330.

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