(Bloomberg) -- Malaysia's ringgit had the biggest
two-day drop since December on speculation the central bank will
want a weaker currency to boost growth in exports.
The ringgit declined 0.3 percent yesterday, the most in more
than two months, as a government report showed exports in April
grew at less than a quarter of the pace projected by economists.
Expansion in Asia's third-largest economy slowed in the first
quarter to the least since the three months ended September 2005,
which may weigh on April industrial production numbers.
Read more at Bloomberg Currencies News
two-day drop since December on speculation the central bank will
want a weaker currency to boost growth in exports.
The ringgit declined 0.3 percent yesterday, the most in more
than two months, as a government report showed exports in April
grew at less than a quarter of the pace projected by economists.
Expansion in Asia's third-largest economy slowed in the first
quarter to the least since the three months ended September 2005,
which may weigh on April industrial production numbers.
Read more at Bloomberg Currencies News
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