A customer counts her ringgit notes outside a money changer at the central business district in Singapore in this August 25, 2015 file photo.  Malaysia's ringgit jumped more than 5 percent to a five-week high on October 7, 2015 on stop-loss dollar selling and higher local stocks.  The ringgit, the worst performing Asian currency so far this year, surged as much as 5.2 percent to 4.1600 per dollar, its strongest since Sept 1.     REUTERS/Edgar Su/Files
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Malaysia: Ringgit remains bullish ahead of US GDP release

KUALA LUMPUR: The ringgit slipped further to open lower against the US dollar on Wednesday as the greenback maintains its bullish move ahead of the United States’ (US) economic data release, an analyst said. At 9 am, the local note weakened to 4.1990/2015 versus the greenback from 4.1970/2000 at yesterday’s close. ActiveTrades trader Dyogenes Rodrigues […]

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Thailand: Cabinet approves amendment to foreign currency-exchange regulation

The Cabinet on Tuesday approved an amendment to a Finance Ministry regulation relating to the foreign currency-exchange business under the Exchange Control Act. “The amendment aims to increase the efficiency of the foreign currency-exchange business and convenience for customers,” said deputy government spokesperson Ratchada Thanadirek She said it would cover six aspects: 1. Licensed foreign […]

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Philippines’ dollar position back to a surplus in October

MANILA, Philippines — Fresh foreign currency deposits from the national government and earnings from the Bangko Sentral ng Pilipinas’ investments abroad brought over the country a dollar surplus in October. What’s new The country’s balance of payments position posted a $1.14 billion surplus in October, reversing a deficit recorded in September, the Bangko Sentral ng Pilipinas […]

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