The Malaysian ringgit gained today as risk appetite, spurred by positive sentiment about Europe, outweighed the negative economic report from Malaysia itself.
Malaysian factory production demonstrated the lowest growth in four months in November. The negative data hasn’t deterred traders as currently positive mood prevails on markets, at least until the outcome of meetings between the leaders of the European Union and the head of the International Monetary Fund will become clear. The MSCI Asia-Pacific Index gained for a second day.
USD/MYR was down from 3.1545 to 3.1385 as of 14:45 GMT today.
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