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Waning expectations of an early rise in US interest rates helped higher-yielding currencies advance against the dollar again on Wednesday. The Indonesian rupiah and the ringgit led gains on upbeat Indonesian trade data and strong increasingread more
The FBM KLCI rose 26.74 points or 1.61% as crude oil prices recovered above US$50 (RM210) a barrel and as the ringgit gained as much as 4.5% versus the US dollar. The ringgit appreciated amid a stop-loss selling of the US dollar.read more
Asian stocks hit a seven-week high today as a pick up in oil prices boosted resource shares and emerging economy currencies, with sentiment also helped by South Korea’s Samsung Electronics issuing better than expected profitread more