Wednesday, May 10, 2006

RINGGIT is getting stronger

Ringgit poised to hit 3.55 against US dollar soon.

KUALA LUMPUR: The ringgit is expected to hit 3.55 “soon” in line with the appreciation of regional currencies against the US dollar as well as clearer currency policies from the authorities in guiding investment decisions, analysts said.
The ringgit closed 3.58 yesterday, the strongest against the greenback since it was depegged in July last year.

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