Patrick
Currency has been on the rise in Southeast Asia. Currency, excluding the Yen, is the highest that is has been in 11 months. The won rose 1.8 percent this week to 1,186.00 per dollar in Seoul, the Philippine peso appreciated 0.7 percent to 47.320, and the Indian rupee gained 0.2 percent to 47.995 in Mumbai. The Ringgit is up 0.3 percent on the week.
The article suggests that investors should buy the Ringgit against the Singapore dollar because Malaysia is expected to grow 2 percent in comparison due to the growth in the rubber, crude oil, and palm oil industries. Good news for us.
http://www.bloomberg.com/apps/news?pid=20601080&sid=asPg3EnHjmC4
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment