Ringgit, Won join relief rallies driving gains in global stocks

Malaysia's currency reserves increased to US$95.3bil as of Sept 15

“I’m looking at the rebound in risk and the firming in oil prices and those factors are very supportive,” said Stephen Innes, a senior trader at Oanda Asia Pacific Pte Ltd. in Singapore. “The global central bankers are in the background and the markets realize that the central bankers are going to stand in front of any capitulation.”

The ringgit strengthened 0.6 percent to 4.0183 per dollar as of 8:43 a.m. in Kuala Lumpur, according to prices from local banks compiled by Bloomberg. The currency has gained more than 2 percent in three days. The won appreciated 0.6 percent to 1,153.60, and is 0.3 weaker than its closing price on June 23. - Bloomberg