Ringgit set for best weekly rally since 1998 on oil prices


KUALA LUMPUR: The ringgit was poised for its biggest weekly advance since 1998 and stocks rallied as surging crude oil prices brightened prospects for Malaysia’s economy.

Asian shares rose yesterday and a gauge of the dollar fell after minutes of the Federal Open Market Committee’s latest meeting indicated the US central bank won’t rush to raise interest rates. Brent crude extended gains after rising 3.4% on Thursday.

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