The Malaysian ringgit led gains among emerging Asian currencies on Wednesday as Fitch Ratings maintained the country's sovereign ratings, erasing concerns that it might cut them because of state fund 1MDB's debt problems.
The South Korean won bucked the regional trend of appreciation as exports fell for a sixth straight month in June.
Fitch maintained Malaysia's long-term foreign currency issuer default rating at A- and local currency at A, with the outlook revised to stable from negative previously.
The overnight move led investors to cut bearish bets on the ringgit in offshore non-deliverable forwards markets on Tuesday.
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The South Korean won bucked the regional trend of appreciation as exports fell for a sixth straight month in June.
Fitch maintained Malaysia's long-term foreign currency issuer default rating at A- and local currency at A, with the outlook revised to stable from negative previously.
The overnight move led investors to cut bearish bets on the ringgit in offshore non-deliverable forwards markets on Tuesday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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