Thursday, April 19, 2007

Asian Currencies: Ringgit, Philippine Peso Rise; Taiwan Dollar Declines

(Bloomberg) -- Malaysia's ringgit climbed for a seventh day on speculation the nation's central bank will tolerate its appreciation.

CIMB Investment Bank Bhd., Malaysia's biggest investment bank, and Oversea-Chinese Banking Corp. of Singapore this week raised their 2007 forecasts on the ringgit, saying Bank Negara Malaysia will allow the currency to strengthen to reflect a stronger economy.


Read more at Bloomberg Currencies News

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