Ringgit closes in on 3.50 mark against US dollar

Tuesday, January 09, 2007

PETALING JAYA The ringgit continued to close in on the 3.50 mark against the US dollar, appreciating to its strongest level since the de-peg 17 months ago by touching 3.5050 before settling at 3.5075 at 5pm Tuesday.
The currency is the second-best performer in Asia-Pacific so far in 2007, with economists attributing the good showing to a combination of domestic and regional factors.

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