Malaysia’s ringgit was poised for its biggest monthly gain since the Asian financial crisis as a rally in crude prices brightened the prospects for the region’s only major net oil exporter.
The ringgit led the advance in Southeast Asian currencies in March as global funds returned to emerging markets after the Federal Reserve signaled a gradual approach to raising U.S.
interest rates.
Brent crude extended a recovery from a 12-year low reached in January, auguring well for a nation that derives 22 percent of government revenue from oil-related sources.
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The ringgit led the advance in Southeast Asian currencies in March as global funds returned to emerging markets after the Federal Reserve signaled a gradual approach to raising U.S.
interest rates.
Brent crude extended a recovery from a 12-year low reached in January, auguring well for a nation that derives 22 percent of government revenue from oil-related sources.
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