SINGAPORE: The Malaysian ringgit was set to enjoy its biggest daily gain in nearly three months on Monday as interbank speculators covered short positions in thin trading on a Cyprus deal with international lenders for a bailout.
Some local exporters bought the ringgit, traders said, helping it rise 0.6 percent to 3.0950 against the dollar as of 0250 GMT.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!