Malaysian Ringgit at Highest Since 1998 on Central Bank's Policy Comment

(Bloomberg) -- Malaysia's ringgit held at its
strongest since February 1998 after the central bank said China's
new yuan trading band won't prompt changes to its own policy.

The ringgit yesterday extended a nine-week rally to the
strongest since February 1998 after China widened the yuan's daily
trading band. Economic and currency policies in China and Malaysia
are independent of each other, Bank Negara Malaysia Governor Zeti
Akhtar Aziz said late yesterday.


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