Malaysian Ringgit Gains vs. US Dollar on Improving Economic Outlook

Jun 28,2019 18:29   Source:Earnforex
The Malaysian ringgit gained on the US dollar today thanks to the upgraded outlook for the nation’s economic growth. Finance Minister Lim Guan Eng said that he expects Malaysia’s economic growth to be about 5% this year. That is compared to the 4.9% increase estimated in this year’s budget, which was further revised down by the central bank in March to 4.3%-4.8%. Investments increased 3.1% in the first quarter of 2019 from the same […]

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