Malaysia’s ringgit rose the most in a week after disappointing US retail sales damped US dollar demand and the planned repayment of an outstanding loan by the state investment company boosted sentiment.
Ringgit gains as 1MDB plans loan payment
www.kinibiz.com
The nation’s US dollar bonds advanced as 1Malaysia Development Bhd (1MDB), which has been mired in controversy because of rising debt, was said to be repaying a RM2 billion loan Friday.
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