Malaysia's ringgit rose the most in a month on Thursday, supported by rebounding oil prices and signs the pace of US interest-rate increases will be gradual once they start in December.
Brent crude has gained more than 2 percent in two days and extended its recovery from a three-month low after oil stockpiles in Saudi Arabia fell from a record.
That's brightened the outlook for Malaysia, which is Asia's only net exporter of the commodity and derives 22 percent of government revenue from oil-related sources.
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Brent crude has gained more than 2 percent in two days and extended its recovery from a three-month low after oil stockpiles in Saudi Arabia fell from a record.
That's brightened the outlook for Malaysia, which is Asia's only net exporter of the commodity and derives 22 percent of government revenue from oil-related sources.
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