The Malaysian ringgit and the Singapore dollar climbed to multi-year peaks against a broadly weaker U.S. dollar on Monday, after the yen extended gains as investors remained on high alert for a possible intervention to support the Japanese currency.
The yen extended its Friday surge, weighing on the U.S. dollar and pulling Asian currencies higher, with the MSCI index of emerging market currencies rising 0.6% to an all-time high.
